UPDATE 2-Japan's Nisshin Steel says it may enter India


(Adds background) By Yuko Inoue TOKYO, May 26 (Reuters) - Nisshin Steel Co. , Japan's fifth-biggest steelmaker, said on Friday it is discussing plans to set up a plant in India to meet growing demand from Japanese carmakers in Asia. Nisshin, which owns a 10.9 percent stake in the world's biggest stainless steel producer Acerinox of Spain, is conducting research on possible expansion of its overseas production as Japanese carmakers step up output abroad, a company spokesman said. ...

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