This year NLMK intends to finally decide on the construction of a transformer steel plant in India.
According to the group CEO Grigoriy Fedorishin, investments are estimated at $100-150 million.
Now NLMK is looking for a suitable site.
The group can also carry out this project in Russia, but is more interested in India, to be closer to clients.
The capacity of the new plant could reach 64 thousand tons of transformer steel per year.
NLMK share on the Indian market is around 25%. (Ukrainian metal)