ArcelorMittal and Nippon Steel India together launch Magnelis
Steel

ArcelorMittal and Nippon Steel India together launch Magnelis

ArcelorMittal Nippon Steel India (AMNS India), a joint venture between ArcelorMittal and Nippon Steel, announced the launch of Magnelis, a steel brand renowned globally for its corrosion resistance and self-healing properties. Magnelis, ArcelorMittal's patented brand, is now being produced in India, enhancing supply efficiency for key sectors like renewable energy and reducing the nation's reliance on imported specialty steel products.

Dilip Oommen , CEO, AMNS India highlighted that the launch of Magnelis aligns with India's Atmanirbhar Bharat initiative. By producing this high-performance steel domestically, the company aims to support India's clean energy transition and enhance the country's infrastructure. "Magnelis is the future of sustainable materials," Oommen added, emphasising its role in building infrastructure to global standards.

Magnelis is an alloy-coated steel featuring a unique blend of zinc, aluminum, and magnesium, providing exceptional corrosion resistance and self-healing capabilities. Previously, this high-value steel was primarily imported from countries like Korea, Japan, and China, leading to lengthy delivery times.

AMNS India has invested nearly Rs 10 billion to set up a production line for Magnelis, with an annual capacity of 5 lakh tonnes at its Hazira plant in Gujarat. The company aims to secure over 50% of the domestic market share for steel used in solar projects.

(Uniindia News Service)

The 14th RAHSTA Expo, part of the India Construction Festival, will be held on October 9 and 10, 2024, at the Jio Convention Centre in Mumbai. For more details, visit: https://rahstaexpo.com

ArcelorMittal Nippon Steel India (AMNS India), a joint venture between ArcelorMittal and Nippon Steel, announced the launch of Magnelis, a steel brand renowned globally for its corrosion resistance and self-healing properties. Magnelis, ArcelorMittal's patented brand, is now being produced in India, enhancing supply efficiency for key sectors like renewable energy and reducing the nation's reliance on imported specialty steel products. Dilip Oommen , CEO, AMNS India highlighted that the launch of Magnelis aligns with India's Atmanirbhar Bharat initiative. By producing this high-performance steel domestically, the company aims to support India's clean energy transition and enhance the country's infrastructure. Magnelis is the future of sustainable materials, Oommen added, emphasising its role in building infrastructure to global standards. Magnelis is an alloy-coated steel featuring a unique blend of zinc, aluminum, and magnesium, providing exceptional corrosion resistance and self-healing capabilities. Previously, this high-value steel was primarily imported from countries like Korea, Japan, and China, leading to lengthy delivery times. AMNS India has invested nearly Rs 10 billion to set up a production line for Magnelis, with an annual capacity of 5 lakh tonnes at its Hazira plant in Gujarat. The company aims to secure over 50% of the domestic market share for steel used in solar projects. (Uniindia News Service)

Next Story
Infrastructure Transport

Govt announces Rs 20 Bn bonus for railway employees

Union Minister Ashwini Vaishnaw announced on Thursday the Cabinet has approved a Productivity Linked Bonus of Rs 20.29 billion for Railway employees, benefiting 11,72,240 workers in recognition of their good performance. He also addressed concerns about recruitment, stating that the process for filling 58,642 vacancies is underway, countering opposition claims that present misleadingly small figures regarding employment in the Railways. Union Minister Ashwini Vaishnaw said, Productivity Linked Bonus for Railway employees of Rs 20.29 billion has been approved by the cabinet for the good perfo..

Next Story
Infrastructure Transport

Prabhakar seeks new railway line between Belagavi and Karad

KLES chairperson and former Rajya Sabha member Prabhakar Kore urged the Union minister of road transport and highways Nitin Gadkari and Union consumer affairs minister Pralhad Joshi, who were on the dais, to get the Belagavi-Nippani-Kolhapur-Karad new railway line sanctioned between Karnataka and Maharashtra by exerting pressure on the railway minister. He was speaking after accepting an honour from the citizens of Nippani town for his contribution to the education, health, and agriculture sectors over the past 40 years. VSM's Somashekhar Kothiwale Institute of Technology organised the progra..

Next Story
Infrastructure Transport

Rs 147 Bn allotted to Madhya Pradesh rail development

A sum of Rs 147 billion has been allocated to Madhya Pradesh for development of railways, Union Minister Ashwini Vaishnaw said .The railway minister virtually flagged off a train service from Jaura to Kailaras in Morena district after the route was converted from narrow gauge to broad gauge. Union Communications Minister and MP speaker Narendra Tomar too showed green flags when the train departed from Jaura station. Rs 147 billion have been allocated for the development of railways in MP. Right now, five Vande Bharat trains are running in Madhya Pradesh. In the last 10 years, 222 kilometres ..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000