JSWMI opens steel service centre near Chennai auto hub
JSWMI Steel Service Centre, a joint venture between JSW Steel and Japan’s MarubeniItochu Steel, plans to set up its third service centre near Chennai to tap the growing demand from auto companies. It was earlier servicing the auto companies near Chennai from its main plant at Vijayanagar in Karnataka.
Jayant Acharya, Director, JSW Steel, said the company has received approval to supply steel to automobile companies, and there is now a need to get closer to auto making units for efficient servicing.
“We are looking for a suitable location and the investment will be announced soon,” he told BusinessLine.
While the demand has remained strong, Acharya said rising imports and a spike in input costs have been a concern.