It has been informed that the state-run Steel Authority of India Ltd (SAIL) is in talks with Arcelor Mittal and Tata Steel for a joint venture. The Chairman of SAIL, Mr. S. K. Roongta has said that the discussions are on and the company officials are in talk to have possible joint venture in near future.

Roongta has also revealed some of the expansion plan of the company. He has informed that in Tamil Nadu the expansion project of Salem Steel is going to be commissioned within a month.

He has said this while he was addressing a press conference. He has informed to the media that, if these companies will agree for a future joint venture then it will be an added advantage to every body. Moreover, SAIL is already in discussion with Posco, the number one steel company of Korea for a joint venture.

Answering to questions related to the production capacity of the possible joint ventured firm, he has said that it's too early to predict the production or the category.