JSW Steel’s subsidiary -- JSW Steel USA Ohio has planned to invest $145 million in new projects to upgrade its manufacturing operations in Mingo Junction, Ohio. JSW Steel USA aims to meet the demand for quality steel products that are “melted & manufactured in the US. This is in alignment with President Biden Administration’s Buy America policies. The new investments were announced at the SelectUSA Investment Summit held in National Harbour MD.
These new investments reiterate JSW’s commitment to a sustainable & green future. The operational upgrades being made at JSW Steel USA are a progresive step towards achieving long term ESG goals. These investments & projects will help the company in producing high quality ‘melted and manufactured in USA’ steel products required by customers in the infrastructure and renewable energy sectors.
The proposed investments will enhance JSW’s manufacturing capabilities in the USA while enabling the company to produce ‘Made in USA’ slabs for end use by the Renewable Energy and Infrastructure sectors. The proposed upgradations will also enable JSW Steel USA to promote centerline soundness of the casted steel slabs which will not only widen its product portfolio but will also help produce wide range of high quality and sophisticated grades of steel slabs in USA. This will help expand its ‘Made in USA’ product portfolio and replace imports into the USA. The portfolio expansion will help JSW Steel USA to adequately service the growing needs of the renewable energy customer segment by providing ‘Made in USA’ products they need. These new projects are expected to be completed & commisioned in FY26.
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.
| Company Name | CMP |
|---|---|
| Tata Steel | 212.05 |
| JSW Steel | 1279.60 |
| SAIL | 175.05 |
| Jindal Stainless | 787.90 |
| APL Apollo Tubes | 2107.15 |
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