TOKYO -- JFE Steel will establish a joint venture in India to produce a material used in electrical power infrastructure, Japan's second largest steelmaker said on Monday, in a bid to capture growth in the world's most populous country.
Joint venture marks first production of material outside of Japan
Power lines stretch through the suburbs of Mumbai. JFE Steel will produce steel for power grid equipment in India. © Reuters
TOKYO -- JFE Steel will establish a joint venture in India to produce a material used in electrical power infrastructure, Japan's second largest steelmaker said on Monday, in a bid to capture growth in the world's most populous country.