JSW Steel rises 2% on gas supply worries HSBC raises Tata Steel target to ₹250 British Steel to supply 120,000 mt billet to Nigeria ₹3,200 crore Tata Steel EAF starts in Ludhiana
Hyundai Steel has officially launched its third-generation automotive steel plates, marking a significant achievement after a decade of dedicated research and development. The new steel plates are designed to enhance both strength and formability, making them ideal for next-generation vehicles that require lighter yet safer materials.
The third-generation steel is especially suited for electric vehicles (EVs) and eco-friendly cars, where reducing weight without compromising safety is critical. Hyundai Steel’s innovation is expected to help automakers improve fuel efficiency, extend EV driving range, and meet stringent global safety and environmental standards.
According to the company, these advanced steel plates combine ultra-high strength with excellent workability, solving long-standing challenges faced by automakers in manufacturing complex car body structures. Hyundai Steel plans to expand production and supply to both domestic and international automotive manufacturers, reinforcing its position as a leader in automotive steel solutions.
Industry experts see this launch as a milestone in the steel industry’s contribution to the evolving automotive sector. By focusing on high-performance and sustainable materials, Hyundai Steel is supporting the global transition toward safer and greener mobility.
Also Read : PM Modi unveiled first in-plant railway siding project in India, Maruti Suzuki unit in Gujarat PV segment likely to see record 18-20% growth in FY24: Report
Prime Minister Narendra Modi recently opened a fancy Boeing centre in Bengaluru, India. This Boeing...
Announcement 20-Jan-2024
India anticipates small impact from US tariff increase.Minister assert...
Announcement 03-Jun-2025
The government is working with the steel sector to develop a "one nation, one buying coking-coal pol...
Notification 15-Jul-2024
State-run oil companies Oil India Ltd (OIL), Bharat Petroleum Corporation Limited (BPCL), and Hindus...
Large Corporate 05-Mar-2024
Steel firm announces ₹300 Cr investment to increase production capacity. Expansion to support infra...
Business 21-Apr-2025
India's actual demand for coal increased to 1233.86 Million Tonnes (MT) in 2023-24 from 1115.04 MT i...
Press Releases 30-Jul-2024