The Indian company Jindal Stainless Limited (JSL) has signed an agreement with the Japanese company JFE Steel to strengthen its production capacity for the production of certain grades of ferritic stainless steel, the company said in an official statement released on Monday, September 7.
Ferritic stainless steel grade Steels are widely used in automotive components, railway wagons, kitchen equipment, industrial machinery, construction, and a number of other high-value-added applications, making them an important growth segment in the future.
"JFE Steel's many years of experience in the production of ferritic stainless steel will help us further improve product quality and operational efficiency. More importantly, this merger aims to create opportunities that create greater value for our customers by strengthening our employees, processes and practices through this agreement," said JSL Managing Director Abhyuday Jindal. in the application.
Under the agreement, JFE Steel will support Jindal Stainless's ongoing efforts to improve product quality and manufacturing practices for the brands specified in the agreement.
The agreement comes into force at a time when global demand for stainless steel is growing, driven by its increasing adoption in the automotive industry, infrastructure, railways, processing industry and other high-value industries due to its corrosion resistance, durability and lower lifecycle costs, the statement said.
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