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Tata Steel will supply steel to Usha Martin

 Last Update: 2022-12-28
 Source: Internet
 Author: User

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Shortly after signing the deal to acquire Usha Martin's steel business, Tata Steel reportedly signed a five-year agreement to supply steel to Usha Martin's wire rope business at market-driven prices
.

Usha Martin's managing director said Tata Steel has signed an agreement to supply 16,000 tonnes of steel per annum, which we will buy
at market-driven prices.
Our steel division has been supplying steel to our wire rope business at market prices, so sourcing steel from Tatas does not affect our wire rope production costs
.
”

He added, "While steel will be primarily used at Usha Martin's Ranchi, Hoshairpur and Bangkok plants, operations in Europe and the UAE will not consume Tata Steel's steel
.
" According to the agreement, 160,000 tons
of steel will be supplied per year.
”

The agreement is seen as part of the transaction and Tata Steel will complete the task
within 6 to 8 months.

:/, please indicate the source for reprinting)

Tata

The agreement is seen as part of the transaction and Tata Steel will complete the task
within 6 to 8 months.

:/, please indicate the source for reprinting)

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