An Indian business group is making one of the largest bets on the future of American steel, with an $18 billion plan that will connect Minnesota's iron ore resources to a new steelmaking complex in Iowa. Essar-backed Mesabi Metallics has announced plans to develop a fully integrated American steel operation,...
Steel Scrap is a Major American Export to India
Steel scrap is a vital raw material for the production of new steel and cast-iron products, and is a hundred percent recyclable. Since domestically generated steel scrap falls short of requirements by the casting and steel making industries, India imports this resource. In 2013-2014 India imported five million tons of...
SAIL is Number 2 steel maker globally
Last week, World Steel Dynamics, a market services firm based in New Jersey, ranked Korea's Posco at the top of its list of world-class steelmakers. Ranked right behind Posco at #2 is India's SAIL, formerly known as the Steel Authority of India Limited. According to the service, the ranking is...