India’s largest steel maker Steel Authority of India Limited (SAIL) & Kobe Steel of Japan have signed a Memorandum of Agreement (MoA) at Kobe’s headquarters in Tokyo today for setting up a 0.5 million tonne per annum iron nugget making plant using Kobe’s patented ITmK3 technology at SAIL’s Alloy Steels Plant in Durgapur, West Bengal, India. As per the agreement, SAIL and Kobe Steel will be entitled to equal share of production from the plant for captive use.
Kobe Steel is one of the prominent steel makers of Japan, which is the world’s second largest steel producing country. It is one of the largest suppliers of alloy steels to Japanese automobile companies. Besides ITmK3, Kobe has also developed new cutting-edge technologies like the Midrex process which has been recognised the world over for producing iron using gaseous fuel. Both ITmK3 and Midrex technologies have successfully replaced coal as an input material for iron making and are recognised for their low energy consumption and environment friendliness.