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Discussion on building a steel factory in India by JSW Steel and Korean Poshang Iron Manufacturing
Indian steel giant JSW Steel announced on August 18 with South Korea's Posco Iron Manufacturing (POSCO) Sign a non-binding framework agreement to jointly discuss the construction of a comprehensive steel plant with an annual production capacity of 6 million tons in India. As part of the subsequent steps, the two companies will conduct feasibility studies to determine factors such as factory site selection, investment terms, resource availability, etc. Given its natural resource base and logistics advantages, Odisha, India is one of the key places to consider.
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