Corus exec rules out move to India to satiate growing appetite for steel

Nov 09, 2004 | 04:56 AM |

Corus Group Plc recognizes that India offers interesting market prospects for carbon steel producers, but a top executive last week stressed that the Anglo-Dutch group "has no current investment plans for India."

"Indian steel demand growth rates are expected to average 6.3 percent (a year) in the next eight years, while China's growth rates are expected to average 5 to 6 percent," Duncan Pell, Corus' director for commercial coordination, said in an....

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