You are here: Home > Steel News > Latest Steel News > India’s...

India’s JSW Steel Limited to increase share of long products in ongoing expansion projects

Monday, 21 August 2023 10:02:13 (GMT+3)   |   Kolkata
       

India’s JSW Steel Limited has put into play a plan to increase the share of long products in its product portfolio to meet rising demand from infrastructure and construction projects across the country, a company official said on Monday, August 21.

The official said that JSW Steel Limited’s total capacity will touch 50 million mt per year by 2030, of which long products, rebar and wire rod, will account for 35 percent. Currently, the company’s capacity is 28.2 million mt per year, of which long products account for 28 percent.

“We are in a situation where we are consuming more long products than flat products as India is focusing on creating new infrastructure,” G. S. Rathore, director of JSW Steel Limited, said.

“Historically, the company has been focused on flat products as we started out with a rolling mill. As a company policy we send 50 percent of flat product output to our own downstream units for value addition in the form of galvanizing, coating or tinning,” he said.

The company’s focus on increasing long products is in line with the industry trend to add long product capacities. Tata Steel Limited recently acquired Neelachal Ispat Nigam Limited (NINL), an exclusive long product producing mill in Odisha with an annual capacity of 1 million mt, and now plans are being put in place by the new owner to ramp capacity up to 10 million mt per year.

A number of bidders are also weighing in on participation in the government’s privatization of Rashtriya Ispat Nigam Limited (RINL) with an exclusive long product mill of 7.3 million mt capacity located in the southern port town of Vishakhpatnam.


Similar articles

Longs prices in Romania still stable while demand remains slack

07 Nov | Longs and Billet

Turkish mills cut local and export longs offers by $10/mt

06 Nov | Longs and Billet

Iskenderun-based Turkish mill cuts its longs prices

06 Nov | Longs and Billet

Local Chinese longs prices decline, but expectations rather positive

04 Nov | Longs and Billet

MOC: Average steel prices in China see slight decreases during Oct 21-27

01 Nov | Steel News

US domestic long steel prices flat, wire rod maintains premium with Liberty status still murky

31 Oct | Longs and Billet

US import long steel prices flat amid reports of increased mill discounting, Liberty plant status unclear

31 Oct | Longs and Billet

Romanian longs prices stable as mood locally remains unchanged

31 Oct | Longs and Billet

Turkish rebar mills still struggling to export, local sales also weaken

31 Oct | Longs and Billet

Southern European longs market faces slow activity, difficulties in hiking prices

31 Oct | Longs and Billet