RUSSIA: Tata greatly boosts steel order from local group
Russia's steel making group Severstal will supply 20,000-30,000 metric tons of steel roll to India's Tata Motors in the fourth quarter of this year, compared with a total of 2,400 tons for the whole of 2004, Severstal said in a statement cited by Dow Jones Newswires.
Russia’s steel making group Severstal will supply 20,000-30,000 metric tons of steel roll to India’s Tata Motors in the fourth quarter of this year, compared with a total of 2,400 tons for the whole of 2004, Severstal said in a statement cited by Dow Jones Newswires.
The increase reportedly will bring Severstal’s supplies up to 20-30% of Tata Motors’ total steel roll requirement.
Tata Motors is India’s largest vehicle manufacturer and fifth largest in the world, with the output of 400,000-450,000 vehicles a year, the report noted.
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