JSW puts brakes on Texas pipe project

Dec 12, 2008 | 11:31 AM | Michael Cowden

India's JSW Steel Ltd. plans to delay expansion plans at its pipe mill in Texas, according to a report by Bloomberg.

The delay is necessary because oil companies have put projects on hold, leading to a sharp drop in demand, the report quoted Sajjan Jindal, JSW Steel's managing director, as saying. Expansions might resume once markets stabilize, he said.....

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