JSW Steel Aims to Replace Imports with New Coated Steel Product

03 Jun 2024 CW Team

JSW Steel, India's largest steelmaker, is set to replace the country's imports of a vital coated steel product with its newly developed JSW Magsure. This zinc-magnesium-aluminium alloy coated steel, crucial for highly corrosive environments in the renewable energy sector, saw a demand of 100,000 tonnes in 2023-24.

"Demand for this product is expected to go up to 250,000 tonnes this year, driven by renewable energy, and we are targeting a production of 145,000 tonnes," Ashwani Sharma, Executive President for JSW Steel Coated Business said.

JSW Steel plans to supply 120,000 tonnes of JSW Magsure domestically and export 25,000 tonnes. Already, 5,000 tonnes have been supplied to Adani Green Energy, with negotiations for an additional 5,000 tonnes over the next three months.

The company is also in discussions with Reliance Industries and NTPC, according to Sharma. While another product, JSW Galvalume, meets the demand for corrosion-resistant steel, JSW Magsure offers even higher corrosion resistance.

Manufactured at JSW Steel's facilities in Vijayanagar and Vasind, the company has invested 5 billion rupees in capital expenditure and will have the capacity to produce up to 900,000 tonnes annually.

Real Estate

30 Jul 2026

AI: The New Recruit

From getting ideas to evaluating designs, presenting concepts to clients and tracking projects, artificial intelligence (AI) is helping architects work better and faster.“AI allows architects to spend more time doing what only they can do: think critically, synthesise complexity and design with intent,” says Dikshu C Kukreja, Managing Principal, CP Kukreja Architects. “Every minute reclaimed from repetitive processes can be invested in creativity, contextual understanding, interdisciplinary collaboration and innovation – the qualities that define meaningful architecture.”To read the ..

Redevelopment 2.0

In 2017, Mumbai identified 160,000 ageing buildings due for structural audit. Close to half of these were in the Western Suburbs. Redeveloping the oldest and structurally weakest of these would help unlock new housing, much needed given the city’s growing population density and constant developed area of 437.7 sq km. At 30,600 people per sq km in 2024, Mumbai’s density was almost thrice that of Gurugram, and 60 per cent higher than Bengaluru’s.Essentially, Mumbai’s realty market has demand. It has capital. It has realty development potential.Fast forward to 2026. Mumbai has 1,094 regis..

Cost intelligence will become a strategic contributor to project success

As India's construction industry accelerates its digital transformation, integrated platforms, AI and connected data are becoming essential to improving cost certainty, project efficiency and sustainability. Ravi Kumar, Sales Director – India, RIB Software India, shares how digital workflows are reshaping project planning, commercial management and decision-making across the construction value chain.India's construction sector is embracing digital technologies at an unprecedented pace. From your perspective, what are the biggest shifts driving this transformation and how is RIB Software enab..