ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Materials

Nippon Steel to add 2 blast furnaces at Indian JV with ArcelorMittal

Additions part of $7bn expansion push with eye toward tripling capacity

Nippon Steel is trying to capture a heightened demand for steel in India expected to be fueled by a growing population and GDP.   © Reuters

TOKYO -- Nippon Steel will add two blast furnaces at a joint venture with ArcelorMittal in India as part of a $7.4 billion expansion push and broader plans to more than triple output capacity in the country.

ArcelorMittal Nippon Steel India will spend 410 billion rupees ($5.02 billion) to construct the twin blast furnaces at the Hazira steel mill in western India's Gujarat state, Nippon Steel said Wednesday. A single blast furnace is currently operational at the facility with the capacity to churn out 9 million metric tons of crude steel a year. The additions would raise that volume to around 15 million tons annually.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more