NLMK Starts Construction of CRGO Steel Plant in India
NLMK Group has commenced the installation of metal structures for a new grain-oriented steel plant in the Maharashtra state of India. Main process equipment is currently being delivered to the site. The end of construction and the start of equipment installation are scheduled for late 2021, with commissioning works and the launch of production planned for the first half of 2022. The plant will produce premium grain-oriented steels. NLMK will localize its final transformation stages in India: applying electrically insulated coating, straightening by annealing, cutting, and laser treatment of finished products. The plant’s capacity will total 64,000 tonnes of grain-oriented steel per year. Investment is estimated at USD 100-150 million.
The launch of captive production will enable the Company to substantially expand its presence on the Indian market, where NLMK Group currently has a 25% share in the grain-oriented steel segment
NLMK Group’s fully owned subsidiary NLMK India is involved in sales and distribution of Electrical Steel CRGO and CRNGO and Plates. Its CRGO steel processing centre is located at Daman, where it has capacity to process more than 40KT of laminations annually. NLMK is also specializing in supplying solutions for the Plate Industry. The material for the same is sourced from our state of the art mills in Europe (NLMK Clabecq, Dan Steel and NLMK Verona).