ArcelorMittal Nippon Steel India, a joint venture between ArcelorMittal and Nippon Steel will set up a cold rolling mill (CRM) that will produce "new-age value-added products" at the flagship plant in Gujarat’s Hazira.
As part of the Rs 8500-crore downstream expansion plan, the modern CRM will comprise various state-of-the-art processing lines. With the latest technology, the lines will allow for increased energy efficiency, optimised zinc consumption, and the highest level of corrosion resistance, leading to greater sustainability in the steel production process, according to the statement. The CRM with the advanced processing lines is due to be commissioned in 2024.
“The new processing lines are designed to produce new-age value-added steel, embedding the most demanding quality standards. Some of the latest products will be produced for the first time in India, thus reducing reliance on imports,” said Dilip Oommen, CEO, ArcelorMittal Nippon Steel India
The expansion would help us meet the growing high-end steel market’s demand, while also enhancing our portfolio of value-added, sustainable steel, he added.