Steel Authority of India in Talks on South Africa Unit
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Steel Authority of India Ltd., the nation’s second-largest producer, is talking with a state-run South African company to set up a steel plant there to tap the resources of the continent’s biggest producer of the metal.
The company is considering building a 3 million to 5 million metric ton plant if the South African government agrees to grant iron ore and coking coal mining permits, Steel Secretary Pradeep Kumar Misra said in an interview in New Delhi.