Essar to produce more for auto industry

Friday, 20 January 2006 16:25:45 (GMT+3)   |  
       

Essar to produce more for auto industry

Indian Essar Steel has commissioned its new cold rolling complex to meet automobile industry's demand in India and international markets for 300 grades products. Total steel requirement for auto industry on the West Coast of India is estimated as around 360,000 metric tons of hot rolled sheets, 320,000 metric tons of hot rolled plates and 1.46 million metric tons of cold rolled sheet and coils. Essar hopes to gain a market share of approximately 18 percent and 17 percent respectively in hot rolled and cold rolled auto grade steel pies. Some of the major customers of Essar Steel in the automobile industry are Ashok Leyland, Hyundai, Maruti Udyog, FIAT India, Kalyani Brakes, M&M, Wheels India, Michilen Works, Swaraj Mazda, JCB, CAT and Axles India. Essar's current flat steel production capacity is 3.6 million metric tons per annum and the company is planning to increase it to 4.6 million metric tons per annum through 2006.

Similar articles

Flat steel prices in local Taiwanese market - week 13, 2024

28 Mar | Flats and Slab

US sheet prices tick up modestly ahead of Easter weekend

28 Mar | Flats and Slab

Stocks of main finished steel products in China down 0.6 percent in mid-March

25 Mar | Steel News

US flats source believe HRC prices are “at or near the bottom”

22 Mar | Flats and Slab

Romania’s sole flats mill cuts HRC prices, raises HDG and PPGI prices

22 Mar | Flats and Slab

Flat steel prices in local Taiwanese market - week 12, 2024

21 Mar | Flats and Slab

US HRC prices still ticking downward, prices expected to bottom this month

15 Mar | Flats and Slab

Flat steel prices in local Taiwanese market - week 11, 2024

14 Mar | Flats and Slab

Stocks of main finished steel products in China up 4.0 percent in early March

14 Mar | Steel News

Baosteel keeps local HRC prices stable for April

12 Mar | Flats and Slab