Private steel maker JSW Steel is close to acquire Italy-based Aferpi steel firm, a for Rs 600 crore, a source in the know of the matter said. HR coils will be sent from India and further finished products will be sold to the customers there. Also read Axis Bank to focus only on better-rated borrowersThe company has been for long trying to have a facility in the European region. JSW Steel had earlier also tried to acquire Italian property in 2014 when it was known as Lucchini. But Algerian conglomerate Cevital acquired Lucchini and renamed it Aferpi.

Source: dna February 25, 2018 10:52 UTC