Essar ties up with Kobe for auto-grade steel--Auto industry expected to be a major driver for steel demand

摘要

Essar Steel signed a memorandum of understanding (MoU) on Wednesday with Japanese steel major Kobe Steel for a possible tie-up to produce automobile grade steel. . "Essar Steel will collaborate with Kobe Steel in the areas of technology for manufacturing advanced high-strength steel (AHSS)-grade steel sheets used in automotive and other relevant applications," said Essar Steel in a press release.