JSW Steel, the flagship of the JSW Group, is reportedly planning to acquire three special steel re-rolling mills of bankrupt Italian steelmaker Lucchini located in Tuscany province. These three units collectively have the capacity to re-roll 1 million tonnes of steel. The company was in advanced negotiations for the asset purchase. The deal for acquiring the asset at a ‘nominal cost’ could come through within weeks.
JSW Steel is part of the JSW group which, in turn, is a part of the O P Jindal group. JSW Steel is one of the largest steel manufacturing companies in India having units in Karnataka and Maharashtra producing crude steel, long steel and flat steel products.
