Q. With which steel major did Steel Authority of India Ltd (SAIL) recently sign a memorandum of understanding to enter into a joint venture for steel production using its FINEX technology in order to bring down the cost of production?

1. Shanghai Baosteel Group Corporation (China)
2. ShanDong Jinan (China)
3. Hyundai Steel (S. Korea)
4. Posco (S. Korea)