New Delhi [India], JSW Steel has introduced an indigenous product MagSure which is a Zinc-Magnesium-Aluminium alloy coated steel. This special type of steel has important uses in applications in highly corrosive environments. This steel is used in many applications like steel structures, solar installations, silos, guard rails, AC parts which require a high level of protection against corrosion. JSW Steel is part of the US$24 billion JS Group, India's leading steel company. JSW Steel has become the first and only Indian steel company to manufacture and market Zinc-Magnesium-Aluminium Aloe coated steel product in the domestic market, the steel maker said in a press release.JSW Steel said it has patented the unique chemical composition of MagSure. , , It will be immediately available in the market and is expected to reduce India's dependence on imports of coated steel. Since 2020, the Indian market for zinc-magnesium-aluminium alloy coated steel has further grown. 6 times from about 15,000 tonnes to about 120,00 tonnes in 2023-24, till now the entire market requirement was met by imports. During the current financial year, India's demand for zinc-magnesium-aluminium alloy coated steel is expected to double to 2.5 lakh tonnes.At a market value of Rs 2,200 crore, JSW Steel said demand will be driven mainly by the renewable energy sector. This special steel is supplied by some of the global majors using patented technologies. India's heavy dependence on imports for zinc-magnesium-aluminium alloy coated steel creates significant supply limitations. The improved availability is expected to drive demand for JSW Magsure not only in the domestic renewable energy sector but also in areas beyond the domestic market including JSW Steel. JSW Magsure is exploring significant export opportunities in Europe and the Middle East, “We are optimizing the mix of our coated products to meet the country's requirement of superior quality Zinc-Magnesium-Aluminium alloy coated steel made in India. Have been,” said Jayant Acharya, joint managing director and CEO.JS Steel's JSW Steel currently manufactures Magsure along with other value added products with a capacity of up to 0.05 million tonnes per annum at its facilities in Karnataka and Maharashtra. Amarjeet Singh Dahiya, Business Head, JSW Steel Coated Products Limited, said, “JSW MagSure is a technologically advanced product with superior corrosion resistance properties, which is used in various industries especially in highly corrosive environments. This unique Made in Indie opportunity gives us the confidence to further enrich our offering to our customers.''