AMNS India eyes 25 pc share in domestic colour-coated market with new product line
AMNS India has launched Optigal Prime and Optigal Pinnacle, a new colour-coated steel product line, targeting infrastructure sectors like airports and railways, aiming for a 25% market share in the next few years.
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To tap the growing demand for colour-coated steel in India, AMNS India on Friday announced the launch of a new product line to cater to segments like airports, railways and metro projects.The demand for colour-coated steel is growing in the range of 10-12 per cent in India and AMNS India also plans to increase its capacity in this segment soon, the company's Director & Vice President, Sales and Marketing, Ranjan Dhar told reporters here."We have launched Optigal Prime and Optigal Pinnacle , a totally new product range in the domestic steel industry, to cater to this demand. We are targeting sectors like highways, railways, metros, airports with our innovative and sustainable product," he said.The colour-coated steel segment in India is estimated to be 3.4 million tonnes market at present. The addition of two new specialised Optigal offerings will bring AMNS India closer towards its goal of securing 25 per cent within the next two to three years, he said.Dhar said that the high-end corrosion-resistant steel has been produced for the first time in India, he said. Until now this product was being produced only in Europe.The director further said the high-performance steel solutions address diverse climatic and industrial demands. It has been prepared to meet India's evolving needs in infrastructure and construction as it moves ahead with journey of becoming 'Viksit Bharat'.When asked about reports of India becoming the world's fourth-largest economy, Dhar emphasized the critical role of steel in economic development."Rapid construction is not possible without steel. Look at China or South Korea—steel has been the backbone of their accelerated growth. With advanced steel solutions, projects that used to take 3–4 years using traditional methods can now be completed in less than a year,' he said.AMNS India currently has a colour-coated steel production capacity of approximately 700,000 tonnes annually, with plans underway to increase it to 1 million tonnes in the near future. The new products are being manufactured at the company's facility in Pune, Maharashtra.
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Time of India
4 days ago
- Time of India
'India needs to be watchful of any trade diversion risk due to steel tariff challenges'
India needs to be watchful of any increased risk of trade diversion into the country due to changing global tariffs, top steel industry executives said reacting to the tariff-related announcement by the US. Major steel players JSW Steel and AMNS India said there is a need to implement necessary trade measures proactively as every country is protecting their industry. US President Donald Trump on Friday told Pennsylvania steelworkers that he would double the tariff on steel imports to 50 per cent to protect their industry, a dramatic hike that could further increase prices for a metal used to make housing, autos and other goods. In a post later on his Truth Social platform, he said aluminum tariffs would also be doubled to 50 per cent, and both tariff hikes would go into effect Wednesday. "We need to implement necessary trade measures proactively and in time," JSW Steel Joint MD and CEO Jayant Acharya told PTI. Sharing his views, the industry leader said there is likely to be increased risk of trade diversion into India due to changing global tariffs. India is vulnerable given its strong domestic demand. Ranjan Dhar, Director & Vice President, Sales and Marketing, AMNS India said,"We hope more protection will come for domestic industry. Every country is protecting their industry. India should also do that as long as India focuses on protecting its industry from low price imports." The industry need to be watchful on imports, there is no doubt about that, he said. Earlier, Tata Steel CEO T V Narendran had said not imposing the protection measures for a prolonged period of time can impact the industry's investment plans, and impact on cash flows can adversely impact capex decisions. In FY25, steel imports rose 9.2 per cent to 10.5 million tonne, while exports declined sharply by 27 per cent to 6.3 million tonne, resulting in India remaining a net importer for the second year in a row. The government introduced a 12 per cent provisional safeguard duty on flat products from April 21, 2025, to help ensure a level playing field for local producers. JSW Steel and AMNS India are among top 5 steel producing companies in India with an annual production capacity of around 35 million tonne (MT), and 9 MT, respectively. Tata Steel recently completed the phase II expansion project of 5 MT at Kalinganagar in Odisha, taking its overall capacity to 26.1 million tonne in the country.
Time of India
4 days ago
- Time of India
'India needs to be watchful of any trade diversion risk due to steel tariff challenges'
India needs to be watchful of any increased risk of trade diversion into the country due to changing global tariffs, top steel industry executives said reacting to the tariff-related announcement by the US. Major steel players JSW Steel and AMNS India said there is a need to implement necessary trade measures proactively as every country is protecting their industry. US President Donald Trump on Friday told Pennsylvania steelworkers that he would double the tariff on steel imports to 50 per cent to protect their industry, a dramatic hike that could further increase prices for a metal used to make housing, autos and other goods. In a post later on his Truth Social platform, he said aluminum tariffs would also be doubled to 50 per cent, and both tariff hikes would go into effect Wednesday. "We need to implement necessary trade measures proactively and in time," JSW Steel Joint MD and CEO Jayant Acharya told PTI. Live Events Sharing his views, the industry leader said there is likely to be increased risk of trade diversion into India due to changing global tariffs. India is vulnerable given its strong domestic demand. Ranjan Dhar, Director & Vice President, Sales and Marketing, AMNS India said,"We hope more protection will come for domestic industry. Every country is protecting their industry. India should also do that as long as India focuses on protecting its industry from low price imports." The industry need to be watchful on imports, there is no doubt about that, he said. Earlier, Tata Steel CEO T V Narendran had said not imposing the protection measures for a prolonged period of time can impact the industry's investment plans, and impact on cash flows can adversely impact capex decisions. In FY25, steel imports rose 9.2 per cent to 10.5 million tonne, while exports declined sharply by 27 per cent to 6.3 million tonne, resulting in India remaining a net importer for the second year in a row. The government introduced a 12 per cent provisional safeguard duty on flat products from April 21, 2025, to help ensure a level playing field for local producers. JSW Steel and AMNS India are among top 5 steel producing companies in India with an annual production capacity of around 35 million tonne (MT), and 9 MT, respectively. Tata Steel recently completed the phase II expansion project of 5 MT at Kalinganagar in Odisha, taking its overall capacity to 26.1 million tonne in the country. Economic Times WhatsApp channel )
