Construction Industry News
ArcelorMittal Nippon Steel India (AMNS India), a joint venture between ArcelorMittal and Nippon Steel, announced the launch of Magnelis, a steel brand known globally for its corrosion resistance and self-healing properties. Magnelis, ArcelorMittal’s patented brand, is now produced in India, improving supply efficiency for key sectors such as renewable energy and reducing the country’s dependence on imported specialty steel products.
Dilip Oommen, CEO of AMNS India, stressed that the launch of Magnelis is in line with India’s Atmanirbhar Bharat initiative. By producing this high-quality steel domestically, the company aims to support India’s clean energy transition and improve the country’s infrastructure. “Magnelis is the future of sustainable materials,” Oommen added, highlighting Magnelis’ role in building infrastructure to global standards.
Magnelis is an alloy steel with a unique blend of zinc, aluminum and magnesium, which offers exceptional corrosion resistance and self-healing properties. Previously, this high-quality steel was mainly imported from countries such as Korea, Japan and China, which led to long 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.
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