JSW Steel USA Ohio to spend $145 million to upgrade operations
03 May 2023
2 Min Read
CW Team
The domestic subsidiary of JSW Steel, JSW Steel USA Ohio Inc., will spend USD 145 million to renovate its manufacturing facilities at Mingo Junction, Ohio.
According to JSW Steel USA Ohio, the purpose of the shift is to address the need for high-quality steel products that are melted and produced in the US.
"JSW Steel USA to invest USD 145 million in new projects to upgrade its manufacturing operations in Mingo Junction, Ohio. This is in alignment with President (Joe) Biden Administration's Buy America policies," the company said in a statement.
These additional investments, according to Parth Jindal, Director of JSW Steel USA, "reiterate JSW's commitment to a sustainable and green future." A progressive step toward fulfilling the company's long-term Environmental, Social, and Governance (ESG) objectives, the operational improvements being implemented in the US.
"These investments & projects will help us in producing high quality 'melted and manufactured in USA' steel products required by our customers in the infrastructure and renewable energy sectors," he said.
According to Samir Kalra, CFO of JSW USA, these additional investments will increase JSW Steel USA's local slab manufacturing capacity, which will reduce the risks associated with importing slabs, boost the company's profitability, and generate job prospects in the US.
One of the many operations-improving projects included in the proposed expenditures is the installation of one of the biggest Vacuum Tank Degassers (VTD) in the world as well as the upgrading of auxiliary facilities, such as the manufacturing infrastructure.
The carbon emissions profile of the VTD is significantly lower than that of a conventional steam ejector vacuum technology. By electrifying metallurgical processes, JSW Steel USA can lower the amount of hydrogen in its steel products.
JSW Steel USA is also deploying Dynamic Soft Reduction (DSR) technology in its casting operations as part of this investment strategy.
In FY26, these new projects are anticipated to be finished and put into service.
Over 750 people work for JSW Steel USA Ohio, Inc. in the US.
See also:
JSW Steel plans to invest in a virgin coking coal mine
JSW Steel arm enters into deal with startup Ayena
The domestic subsidiary of JSW Steel, JSW Steel USA Ohio Inc., will spend USD 145 million to renovate its manufacturing facilities at Mingo Junction, Ohio.
According to JSW Steel USA Ohio, the purpose of the shift is to address the need for high-quality steel products that are melted and produced in the US.
JSW Steel USA to invest USD 145 million in new projects to upgrade its manufacturing operations in Mingo Junction, Ohio. This is in alignment with President (Joe) Biden Administration's Buy America policies, the company said in a statement.
These additional investments, according to Parth Jindal, Director of JSW Steel USA, reiterate JSW's commitment to a sustainable and green future. A progressive step toward fulfilling the company's long-term Environmental, Social, and Governance (ESG) objectives, the operational improvements being implemented in the US.
These investments & projects will help us in producing high quality 'melted and manufactured in USA' steel products required by our customers in the infrastructure and renewable energy sectors, he said.
According to Samir Kalra, CFO of JSW USA, these additional investments will increase JSW Steel USA's local slab manufacturing capacity, which will reduce the risks associated with importing slabs, boost the company's profitability, and generate job prospects in the US.
One of the many operations-improving projects included in the proposed expenditures is the installation of one of the biggest Vacuum Tank Degassers (VTD) in the world as well as the upgrading of auxiliary facilities, such as the manufacturing infrastructure.
The carbon emissions profile of the VTD is significantly lower than that of a conventional steam ejector vacuum technology. By electrifying metallurgical processes, JSW Steel USA can lower the amount of hydrogen in its steel products.
JSW Steel USA is also deploying Dynamic Soft Reduction (DSR) technology in its casting operations as part of this investment strategy.
In FY26, these new projects are anticipated to be finished and put into service.
Over 750 people work for JSW Steel USA Ohio, Inc. in the US.
See also: JSW Steel plans to invest in a virgin coking coal mine JSW Steel arm enters into deal with startup Ayena
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