ArcelorMittal Nippon Steel India (AM/NS India), a joint venture between ArcelorMittal and Nippon Steel, has launched Magnelis, a steel brand with corrosion resistance and self-healing properties.
The steel brand was unveiled at an event held in Mumbai.
ArcelorMittal’s patented brand, Magnelis, is an advanced alloy-coated steel brand with a unique composition of Zinc, Aluminium, and Magnesium, offering corrosion resistance and self-healing properties. Previously, this high-end value-added steel was imported mainly from Korea, Japan, and China, often taking months for delivery. But with this development in place, the maufacturing and distribution of steel will happen in India, aligning with the country’s Atmanirbhar Bharat proposition by fostering supply efficiency for sectors like renewale energy.
AM/NS India has invested nearly Rs 1000 crore to establish a production line for Magnelis with a capacity of 5 lakh tonnes per annum at its flagship plant in Hazira, Gujarat.
According to the company, the product’s proven performance in hostile environments makes it ideal for solar panel mounting systems and other renewable energy applications.
With the aim of capturing more than 50% of the domestic market share for steel supplied to solar projects, AM/NS India is already in advanced talks to supply Magnelis to major players in India’s renewable energy and infrastructure sectors, including Adani Green Energy, Reliance Industries, and NTPC.
Dilip Oommen, Chief Executive Officer (CEO), ArcelorMittal Nippon Steel India (AM/NS India), stated, “The launch of Magnelis in India is a testament to our commitment to fulfilling the nation’s growing demand for high-performance steel while contributing to the vision of Atmanirbhar Bharat. By producing this world-class, import-substitute steel; we are not only delivering quality infrastructure solutions but also contributing to accelerate India’s clean energy transition. Magnelis® is the future of sustainable materials, and its introduction marks a significant step towards building the nation’s global-standard infrastructure.”
Ranjan Dhar, Director and Vice President of Sales and Marketing, ArcelorMittal Nippon Steel India (AM/NS India), said, “The launch of Magnelis in India is a pivotal moment for us as this unique solution has proven its performance in global solar projects, contributing to 50 GW of installed capacity. The production of the new offering here is cutting down delivery time and drastically reducing logistics costs, thus providing domestic customers with a faster and more efficient solution for their infrastructure needs as India is stepping up its nation-building initiatives. Other end-use sectors include road infrastructure (crash barriers), agriculture infrastructure (grain silos, farm equipment) and construction (pre-engineered building structures).”
