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Sumitomo Metals Signs MOU with Bhushan Steel, Opens Liaison Office

Sumitomo Metal Industries, Ltd. has signed a memorandum of understanding with Bhushan Steel Ltd. in India to receive an OEM supply of steel sheets manufactured in its Orissa Steel Works located at Meramandali, Orissa.

Sumitomo Metals has provided technical assistance regarding construction and operation of the Orissa Steel Works. The MOU will enable Sumitomo to establish a supply system for high-grade steel products to satisfy the needs of its customers in India.
 
Sumitomo has also opened a liaison office near Delhi that will function as a bridgehead for the company’s business expansion in India. The office will collect information needed for Sumitomo’s operation there and serve as a local contact for its customers in India.