JSW Steel Launches JSW Magsure to Reduce Reliance on Imported Steel

JSW Steel on Thursday, May 30, said it has launched an indigenous Made In India product JSW Magsure to reduce India’s reliance on coated steel imports. The company is the first and only Indian steel producer to manufacture and market zinc-magnesium-aluminium alloy-coated steel products domestically.

 

Key Takeaways from JSW Steel Launch:

  • JSW Steel launched an indigenous product JSW Magsure to reduce India’s reliance on coated steel imports. 
  • India’s first steel producer to manufacture and market zinc-magnesium-aluminium alloy-coated steel products domestically.
  • JSW Magsure will be manufactured in Karnataka and Maharashtra with a combined production capacity of up to 0.9 million tonnes per annum.

 

According to JSW Steel, this special steel is supplied by only a few global companies using patented technologies. JSW Magsure will make this product domestically available enabling the fastest delivery.

 

The company is currently manufacturing JSW Magsure at its facilities in Karnataka and Maharashtra with a combined production capacity of up to 0.9 million tonnes per annum.

 

JSW Steel said India’s demand for zinc-magnesium-aluminium alloy coated steel in the current fiscal year is expected to double to 2.5 lakh tonnes, with a market value of 2,200 crore rupees.

 

Magsure is used in various applications such as protection against corrosion, including steel structures in solar installations, silos, guard rails and air conditioning parts.

 

About JSW Steel Limited:

JSW Steel Limited, one of India’s leading integrated steel manufacturers and the flagship company of JSW Group, holds a capacity of 18 MTPA. It is one of the fastest-growing Indian companies with a footprint in over 100 countries. The company's manufacturing facilities are located in Karnataka, Tamil Nadu and Maharashtra. JSW offers a wide gamut of steel products including hot rolled, cold rolled, bare & pre-painted Galvanised & Galvalume among others.

 

Read More About JSW Steel Limited Share Price Here!

 

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