Bellary: JSW Steel will commission a Rs. 4,500-crore Cold Rolling Mill (CRM) at its integrated steel plant in Torangal, Karnataka, on Friday.
The unit, which will produce high-strength auto-grade steel, has an installed capacity of 2.3 million tonnes a year.
“Our CRM facility is the most sophisticated plant by configuration, and has the capability to produce high-strength and advanced high-strength steel, both in uncoated and coated (galvanised and galvannealed categories) and wider width up to 1,870 mm,” Vinod Nowal, Deputy Managing Director, JSW Steel, told newspersons.
The auto-grade steel produced here, with technical assistance from JFE of Japan, will be an import substitute.
Of the auto sector’s total requirement of 4.5 mt of steel, 20 per cent, mostly high-strength steel, was imported, he said. Nowal added that the value-added product would help the automobile industry source high-strength steel domestically and cut its production cost by 10-15 per cent.
The high-strength material was light-weight and would be used for external panels of automobiles. It would help improve their fuel efficiency, said Nowal.
“Efforts are on to meet the quality expectations of the buyers, who have been importing from Japan and Europe. The CRM facility can produce continuously annealed cold rolls up to a strength of 980 MPA (Mega Pascals),” he said.
Auto majors Maruti Suzuki, Nissan, Hyundai and Toyota are among the prospective customers for the high-strength steel.
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