The Indian coil coating business is estimated at 2.5mn mt and has been recording healthy growth in last three fiscals, according to a statement released by steelmaker JSW Steel. Industry estimates peg the demand for variants like cool roof and anti-microbial from this category to fuel growth rates in excess 14% over next few years.
JSW Steel recently launched colour coated coils called JSW Radiance with features like antimicrobial and anti-dust suitable for various application such as warehousing, appliances, cold storage and in hospital.
The company statement said that warehousing is the highest volume generator for this segment.
JSW Steel has an installed capacity of 18mn mt per annum with a manufacturing facility at Vijayanagar, Karnataka being the largest single location steel-producing facility in India with a capacity of 12mn mt.