AMNS India invests $5 billion in expanding production capacity

2022-10-04

Oct. 4, 2022 - AMNS India, an Indian joint venture between ArcelorMittal and Nippon Steel, is investing $5 billion to expand steel production capacity at its Hazira plant in Gujarat.

The move is aimed at meeting the growing demand for steel in India and increasing market share. AMNS India will build two blast furnaces and other facilities, which are scheduled to be operational by mid-2026.

It is planned that after the expansion, the volume of steel production at the Hazira plant will reach approximately 15 million tons per year.

As Takahiro Mori, executive vice president at Nippon Steel, noted, AMNS India is also considering building a new steel plant in eastern India. According to him, by 2030, AMNS India aims to expand production capacity to approximately 30 million tons per year.

“To secure a good presence, we want to win about 15% share in the Indian market where an annual crude steel output is expected to grow to around 200 million tons by 2030,” said Takahiro Mori.