Indian Steelmaker Plans to Build Europe's Most Advanced Rail Mill

Via Metal Miner   One of India’s fastest-growing steel companies JSW Steel, recently announced the next step in its growth plan. In a major steel news event, JSW Steel Italy SRL inked a memorandum of understanding (MoU) with the Italian government to re-start production operations at the Piombino plant via a €140 million investment. According to JSW Steel, the initiative entails a doubling of the Piombino facility’s current rail-making capacity to 6 lakh tons per annum. Analysts anticipate that this strategic move will reduce…