/ Essar Steel Signs MoU With Pasco For Supply Of Flat Steel Products ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Friday, 5 May 2017

Essar Steel, on Thursday, 4 May 2017, announced that it has inked a strategic agreement with Posco for the supply of flat steel products. As per the statement released by the company, Essar steel will supply 1.1 million tonne flat steel products during the ongoing fiscal. 

Reportedly, through this MoU, Essar steel is eyeing to lock-in a specific amount of their production via long-term agreements.

The contracted volume in 2017 is higher by 30% as against its volume in 2016. Essar, a year ago had also signed such contract.

Apart from a contract with Posco, Essar steel also joined hands with infrastructure and auto sector giants to strengthen its foothold in the global market.

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