Nisshin Steel is planning to set up a plant in India to meet demand from Japanese OEMs, according to Reuters.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


This would be the first investment in India by a Japanese steel maker.


Nisshin is looking at possible global expansion and India is an obvious target, according to company sources. However they said that India is just one country being researched and details have not yet been decided.


However, the Nihon Keizai Shimbun newspaper reported that Nisshin and its Spanish partner, stainless steel producer Acerinox, in which Nisshin owns a 10.9% stake, are planning to invest between $US266 and $US355m in India in 2007. Nisshin’s share price rose more than 3% on the news.


The Japanese newspaper said that the plant could be located near Mumbai and would initially produce 200,000 tonnes a year of stainless sheet steel for non-automotive use. It could then be expanded to supply Japanese automakers.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Two other steel producers have recently announced investment plans for India. South Korean producer POSCO is building a plant in the state of Orissa to be completed by 2010, and Mittal has signed a memorandum of understanding to invest around US$9bn in the state of Jharkhand.