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The government had earlier said that the proposed auto- grade steel plant would be set up close to an automobile hub.. It will construct a cold rolling mill and other downstream finishing facilities in India, touted as one of the fastest-growing automotive markets in the world with production expected to double between 2014 and 2020, from 3. The JV will also focus on producing specialised grade steel products for defence, space and automobiles.3 million units. SAIL and ArcelorMittal had in May, 2015 entered into a memorandum of understanding (MoU) to explore the possibility of setting up an auto-grade steel manufacturing facility under a joint venture in India.

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