Gadchiroli pitched as Maharashtra’s future green steel hub India set to drive next global steel demand wave Italy crude steel output rises 3.1% in May Green steel progress remains slow worldwide
· JSPL acquires ASL for $26 million to expand into value-added steel segments.
· The move strengthens downstream integration and margin potential.
· Supports India’s broader goal of boosting high-grade steel manufacturing.
India’s Jindal Steel and Power Limited (JSPL) has finalized the acquisition of ASL (Advance Steels Ltd) in a $26 million deal aimed at expanding its value-added steel production capabilities. This strategic move is part of JSPL's broader vision to strengthen its downstream integration and cater to high-margin sectors like auto, infrastructure, and appliances.
The acquisition includes ASL’s operational facilities, giving JSPL access to enhanced cold-rolling and galvanizing capacities. Industry analysts view this as a smart push by JSPL to not only increase margins but also reduce reliance on commodity-grade products.
The deal aligns with India's larger push toward domestic value addition in steel manufacturing, especially under the National Steel Policy 2017 and various PLI schemes encouraging advanced steel products.
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