JSW Steel USA to invest USD 145 million to upgrade manufacturing operations!
The proposed investments will enhance JSW’s manufacturing capabilities in the USA.
A subsidiary of JSW Steel - JSW Steel USA Ohio has planned to invest USD 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 and 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 progressive 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 upgrades 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 a wide range of high-quality and sophisticated grades of steel slabs in the USA. This will help expand its ‘Made in USA’ product portfolio and replace imports into the USA. These new projects are expected to be completed and commisioned in FY26.
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