Supporting Atmanirbhar Bharat, the project decreases import dependency and delivery times while aiming for more than 50 percent market share in India’s solar sector, boosting native capabilities and energy independence.

ArcelorMittal Nippon Steel India (AM/NS India), a joint venture between ArcelorMittal and Nippon Steel, has launched Magnelis®, a steel brand known for its corrosion resistance and self-healing capabilities.

The new steel brand was launched during a dazzling Mumbai event. Magnelis®, ArcelorMittal’s proprietary brand, is now made and sold in India, increasing supply efficiency in strategically vital, high-growth industries like renewable energy while decreasing the country’s reliance on imported speciality steel goods.

Dilip Oommen, Chief Executive Officer (CEO), ArcelorMittal Nippon Steel India (AM/NS India), says, “The launch of Magnelis® in India is a testament to our commitment to fulfilling the nation’s growing demand for high-performance steel while contributing to the vision of Atmanirbhar Bharat. By producing this world-class, imported substitute steel; we deliver quality infrastructure solutions and contribute to accelerating India’s clean energy transition. Magnelis® is the future of sustainable materials, and its introduction marks a significant step towards building the nation’s global-standard infrastructure.”

Ranjan Dhar, Director and Vice-President of sales & marketing, ArcelorMittal Nippon Steel India (AM/NS India), says, “The launch of magnelis® in India is a pivotal moment for us as this unique solution has proven its performance in the global solar projects, contributing to 50 GW of installed capacity. The production of the new offering here is cutting down delivery time and drastically reducing logistics costs, thus providing domestic customers with a faster and more efficient solution for their infrastructure needs as India is stepping up its nation-building initiatives. Other end-use sectors include road infrastructure (crash barriers), agriculture infrastructure (grain silos, farm equipment) and construction (pre-engineered building structures).”

Magnelis®, an alloy-coated steel brand containing Zinc, Aluminium, and Magnesium, provides superior corrosion resistance and self-healing qualities. Previously, this high-end value-added steel was imported mostly from Korea, Japan, and China, with delivery times of several months.

AM/NS India invested about ₹ 1000 crores in establishing a production line for Magnelis® with a capacity of ₹ 5 lakh tonnes per year at its flagship plant in Hazira, Gujarat. AM/NS India intends to acquire more than half of the domestic market share for steel supplied to solar projects. The product’s demonstrated effectiveness in harsh settings makes it appropriate for solar panel mounting systems and other renewable energy applications that will aid India’s energy transition. AM/NS India is already in advanced talks to supply Magnelis® to major players in India’s renewable energy and infrastructure sectors, including Adani Green Energy, Reliance Industries, and NTPC. Magnelis® will play a key role in advancing renewable energy projects nationwide through collaborations.

For more information, visit: https://www.amns.in/