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Bhushan Steel ties with Sumitomo Corp

Bhushan Steel has signed a technical colloboration with Sumitomo Corp of Japan (world 3rd largest steel producer) to set up a 6 million tpa steel plant at Asansol in West Bengal. The company’s Orissa steel plant (1st phase) is to go on stream by Jan 2010 and the second phase by Oct 2012. Sumitomo will provide technical expertise as well as market the steel in the country under its Sumitomo brand.

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