Russia’s SRK to enter Indian steel service centre market

New Delhi: Russian steel stockist StalPromyshlenaya Kompania (SRK) is planning to enter the Indian steel service centre market and is negotiating with a number of domestic companies in Delhi for the same.

“We will like to set up a service centre in India as it is a growing market,” the Metal bulletin (MB) quoted SRK ‘s strategy chief Vadim Markushev as saying.

The Ekaterinburg-based company has a throughput of around 1.3 million tonnes per annum of steel in the CIS nation and aims to push it up to 2.5 MT by 2015, it said.

The planned service centre would initially have a throughput of around 30,000 tonnes per year, Markushev said.