JSW Steel USA to invest USD 145 million to upgrade manufacturing operations!

Praveenkumar Yadav
/ Categories: Trending, Mindshare
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.

DSIJ offers a product 'Large Rhino' with recommendations for Large-Cap stocks based on research and analysis to help subscribers make informed investment decisions. If this interests you, then do download the product details pdf here

 

Rate this article:
4.7

DSIJ MINDSHARE

Mkt Commentary20-Dec, 2024

Swing Trading22-Dec, 2024

IPO Analysis20-Dec, 2024

Mindshare20-Dec, 2024

IPO Analysis20-Dec, 2024

Knowledge

MF15-Nov, 2024

General15-Nov, 2024

MF14-Nov, 2024

DALAL STREET INVESTMENT JOURNAL - DEMOCRATIZING WEALTH CREATION

Principal Officer: Mr. Shashikant Singh,
Email: principalofficer@dsij.in
Tel: (+91)-20-66663800

Compliance Officer: Mr. Rajesh Padode
Email: complianceofficer@dsij.in
Tel: (+91)-20-66663800

Grievance Officer: Mr. Rajesh Padode
Email: service@dsij.in
Tel: (+91)-20-66663800

Corresponding SEBI regional/local office address- SEBI Bhavan BKC, Plot No.C4-A, 'G' Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra.
Tel: +91-22-26449000 / 40459000 | Fax : +91-22-26449019-22 / 40459019-22 | E-mail : sebi@sebi.gov.in | Toll Free Investor Helpline: 1800 22 7575 | SEBI SCORES | SMARTODR