India's Tata Steel Limited will double its total steelmaking capacity to 40 million mt per year, changing its global strategy that will see the share of domestic production rising to 75 percent of the total, from 62 percent at present, company chairman N. Chandrasekeran told shareholders on Tuesday, July 16.
Mr. Chandrasekeran said that the bulk of the incremental production would be through expansion of its Indian mills at Jamshedpur, Kalinganagar, Gamaharia and Meramandali.
He, however, did not divulge the timelines for completion of the expansion projects.
He said that the company plans substantial investments in low-CO2 steelmaking technologies, including major initiatives in the UK and the Netherlands, contingent on government support.
The modernization of the Port Talbot mill in the UK may result in 2,500 job losses due to the shift to a low-emission electric arc furnace process, he said.
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