8,087.24 TL BIST 100 BIST 100
28.93 $ USD USD
€31.38 EUR EUR
38.49 TL Interest Interest
78.05 $ Fossil Oil Fossil Oil
24.51 $ Silver Silver
3.83 $ Copper Copper
129.79 $ Iron Ore Iron Ore
385.00 $ Ship Dismantling Ship Dismantling
1,889.62 TL Gold (gr) Gold (gr)

ArcelorMittal Nippon Steel India to build greenfield plant in 2024

ArcelorMittal Nippon Steel India will begin construction of the greenfield plant project in January 2024.

ArcelorMittal Nippon Steel India to build greenfield plant in 2024

ArcelorMittal Nippon Steel India (AM/NS India) will begin construction of the steel plant to be established in Paradip in January 2024. This newly established facility will have an annual production capacity of 7 million tons. Additionally, AM/NS will be India's first greenfield facility.

Hemant Sharma, principal secretary of the Industrial Department of India, states that the state government has provided 1,485 acres of land to AM/NS India for the proposed project and the investment in this steel plant will amount to Rs 38,000 crore.

The foundation of the project will be laid in the period of December-January.


No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Iron and steel prices on an upward trend

Tuesday, December 5, 2023

"You Have the Say - Steel Conversations" discussed the challenges of the Turkish steel industry

Tuesday, December 5, 2023

Price disparity raises questions in the Middle East's steel market

Tuesday, December 5, 2023

US HRC imports fell in October

Tuesday, December 5, 2023

US crude steel production rises on a weekly basis

Tuesday, December 5, 2023
Follow List
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.

There are no news categories you follow
Edit Notification Preferences

Global Iron and Steel Exchanges

Iron and Steel Indices, Price and News

E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now