Brind.
  1. ArcelorMittal launched a new steel brand in India and is localizing advanced coated steels to support the Indian auto sector.

ArcelorMittal and Steel Authority of India form JV for automotive steel

1 report, 1 independent Updated Wed 00:55
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What happened

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ArcelorMittal and Steel Authority of India signed a Memorandum of Understanding to establish a joint venture for automotive steel manufacturing in India. The proposed JV will construct a cold rolling mill and other finishing facilities to supply technologically advanced steel products to India’s automotive sector.

From odishachannel.com

Why it matters

Some supportBrind's analysis of the reports

The initiative aims to increase the availability of domestically produced automotive steel, which would reduce India's reliance on imports. This move is supported by the Indian Government’s ‘Make In India’ programme, designed to transform India into a global manufacturing hub.

ArcelorMittal has launched a new steel brand in India and is localizing advanced coated steels to support the Indian auto sector.

From odishachannel.com

Who's involved

  • ArcelorMittalMultinational steel manufacturer forming the joint venture
  • Lakshmi MittalChairman and CEO of ArcelorMittal, present at the MoU signing

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