EU tightens curbs on Russia-linked steel trade Russia-linked steel trade faces tighter curbs Infrastructure demand boosts rebar consumption China expands steel derivatives market
AM/NS India has commissioned a new Pickling Line and Tandem Cold Mill at its Hazira facility in Gujarat, strengthening its position in India’s automotive steel market.
The new line has an annual capacity of 2 million tonnes and will produce high-quality cold rolled base steel for advanced automotive applications. It will support production of Advanced High Strength Steel, galvanised, galvannealed and press-hardened steel grades used in modern vehicles.
The facility is expected to help reduce India’s dependence on imported high-grade automotive steel while supporting the country’s growing auto manufacturing sector. Steel grades produced at the unit can reach strength levels of up to 1180 MPa, helping automakers improve vehicle safety, reduce weight and meet Bharat NCAP standards.The project is part of AM/NS India’s larger ₹60,000-crore Hazira expansion programme, which includes upstream, downstream and infrastructure development. With rising demand for value-added flat steel, the new line is expected to support India’s Make in India and Atmanirbhar Bharat goals.
Also Read : Steel Exchange India Struggles Amid Market Volatility Steelmakers in Bangladesh Struggle as Demand Slumps
Crude oil futures fell on Monday morning as China's recent import statistics showed a drop. On Monda...
Energy 11-Mar-2024
The International Energy Agency (IEA) is launching a program to secure the supply of minerals critic...
Large Corporate 14-Feb-2024
RASHTRIYA ISPAT NIGAM LIMITED (RINL), an Indian government-run steel producer, produced 419,000 mill...
Mid Corporate 09-May-2024
The Chinese property sector's slump would constrain iron ore prices despite Beijing's blast furnace...
Ferrous 21-Feb-2024
Tata Steel anticipates challenges in its European operations to impact its net profit for the third...
Large Corporate 24-Jan-2024
The iron ore and fines prices have been reduced by ₹200 and ₹250 per tonne, respectively, by the sta...
Ferrous 21-Mar-2024