Report JSW Delays Pipe Expansion

Dec 14, 2008 | 07:00 PM |

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

The delays are necessary because oil firms have put projects on hold, leading to a sharp drop in demand, the article said, quoting JSW Steel managing director Sajjan Jindal. Expansions might resume once markets stabilize, he said.....

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