Japanese steelmaker Nippon Steel and Sumitomo Metal Corporation (NSSMC) has announced the official opening in Jamshedpur, India of its joint venture automotive steel sheet plant with India-based Tata Steel Limited.
The automotive cold rolled sheet plant, which began operations in May this year, has an annual production capacity of 600,000 mt. The plant produces high-tensile steel sheet and other high-end cold rolled sheets for automobiles, utilizing Tata Steel's excellent steelmaking infrastructure at its Jamshedpur Works and NSSMC's state-of-the-art equipment and manufacturing technologies.
According to NSSMC's statement, the automobile market in India, with its bright prospects for continued growth, is an important market for the joint venture.