SAIL and South Korea’s POSCO signed a technical service agreement

Recently, the Indian Iron and Steel Authority (SAIL) signed a technical service agreement with South Korea's POSCO, which provides a range of production and equipment maintenance latest technology to its IISCO steel mill (ISP) in Burnpur, West Bengal, to enable efficient production at its modern IISCO mills.

IISCO steel mills have been modernized, the new wire rod production line (annual production capacity 550,000 tons) is also about to put into operation. To tie with this production line, POSCO will provide SAIL with knowledge in coking, ironmaking, steelmaking, continuous casting and wire rod production and experience of production lines maintenance, to help ISCO steel mills reaching their production rates as soon as possible. After the new wire rod production line is put into production, it can produce high quality special steel wire rod to meet the demand of the domestic and international markets in India.