Thursday, 30 Jun 2011
TATA Steel is looking at acquisitions in steel scrap recycling in South East Asia and will continue to invest upstream to increase its self sufficiency in raw materials.
Mr Kees Gerretse TATA Steel group director of procurement told Reuters on the sidelines of the Metal Bulletin steel scrap conference in Istanbul that "We are looking at opportunities.”
He added that "We are looking of course not at the big ones, we are looking at tier two or three opportunities. We would like to have something in Southeast Asia as there is shortage of scrap in that region." (Sourced from BS)
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