JSW Steel Ltd. will commission its 2.3-million-tonne-per-year
automotive grade steel plant in March.
Located at JSW
Steels 10-million-tonne-per-year integrated steel plant
in Vijayanagar, India, the plant will produce outer-body panels
for passenger cars.
"Currently, the Indian
automobile industry is importing 3 million tonnes of auto grade
steel," a JSW Steel source told AMM sister publication
Steel First Dec. 31. "This can be reduced after the
plant is commissioned (and) will save auto companies millions
of dollars in import duty and foreign exchange."
The company has
invested $730 million in the plant, which will supply
automotive grade steel to such clients as Toyota Motor Corp.,
Hyundai Motor Co., Honda Motor Co. Inc., Tata Motors Ltd.,
Maruti Suzuki India Ltd. and Bajaj Auto Ltd.
With this latest
expansion, capacity at the Vijayanagar plant will increase to
12.3 million tonnes per year.
JSW Steel, Indias largest steel producer, has plants in
six locations in India; a plate and pipe mill in the United
States; and mining assets in Chile, the United States and
Mozambique, according to its website.
A version of this
article was first published by AMM sister publication Steel