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JSW Steel USA to invest $145 million to upgrade manufacturing operations

May 3, 2023

By: BlinkX Research Team

JSW Steel USA Ohio, Inc. a subsidiary of JSW Steel Ltd has announced its plans to invest US$ 145 million in new projects to upgrade its manufacturing operations in Mingo Junction, Ohio. 

According to an exchange filing, 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.

Announcing the new investments, Parth Jindal, Director of JSW Steel USA said, “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 our long term ESG goals.

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.”

Source: Media reports