JSW Steel to invest $145 mn to improve manufacturing processes in US

05 May 2023 CW Team

A subsidiary of JSW Steel in India, SW Steel USA Ohio Inc, will devote $145 million to investments to modernise production facilities in Mingo Junction, Ohio.

According to the Biden Administration's Buy America initiatives, the company stated in a statement that it seeks to meet the need for high-quality steel products "melted & manufactured in the US". In FY26, the new projects are anticipated to be finished and put into service.

The transaction was disclosed at the National Harbour, Maryland-based SelectUSA transaction Summit. These new investments confirm JSW's dedication to a sustainable and environmentally friendly future. The operational improvements being made at JSW Steel USA are a step forward in helping us reach our long-term ESG objectives.听

These investments and initiatives will assist us in creating high quality' melted and made in USA' steel products needed by our clients in the infrastructure and renewable energy sectors.

The fresh investment will boost imports and help it diversify its line of "Made in USA" products.

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