JSW Steel’s arm signs agreement with Allegheny Technologies for conversion of carbon steel slabs

04 May 2021 Evaluate

JSW Steel’s subsidiary -- JSW Steel USA Ohio Inc has signed a long-term agreement with Allegheny Technologies Inc (ATI) for the conversion of carbon steel slabs manufactured at JSW Steel USA’s facility in Mingo Junction, OH into hot rolled coils at ATI’s Hot Rolling and Processing Facility (HRPF) in Brackenridge, PA. As per the terms of the agreement, ATI is expected to hot-roll a significant percentage of carbon steel slabs produced by JSW Steel USA.

The agreement expands JSW Steel USA’s ability to supply high quality hot rolled products required by its customers in the US thus enhancing its product portfolio. Securing access to ATI’s HRPF - one of the world’s most powerful hot-rolling mills - enables JSW Steel USA to produce materials that maintain high-strength at high temperatures. At the same time, ATI increases its capacity utilization of its highly automated HRPF in a capital-efficient manner that provides a reliable source of operating cash flow.

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.

JSW Steel Share Price

832.45 14.65 (1.79%)
28-Mar-2024 16:01 View Price Chart
Peers
Company Name CMP
JSW Steel 832.45
Tata Steel 155.90
SAIL 134.15
Jindal Stainless 694.90
APL Apollo Tubes 1491.15
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.