MUMBAI, Feb. 16 -- ArcelorMittal Nippon Steel India (AM/NS India) is broadening its value-added steel portfolio with two new products aimed at the consumer appliance sector, aiming to reduce imports.

Value-added steel refers to regular steel that has been further processed or treated to enhance strength, durability, or suitability for specific applications. This move aligns with AM/NS India's strategy to focus on downstream steel - higher-value products or components used in industries such as automobiles, appliances, and construction.

"Today our value-added portfolio contributes about 60-65% to the revenue. We would ideally want this portfolio to be in excess of 70-75% in the next two-three years with all the new launches that we are h...