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

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

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. 

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.

Also read: 
Shree Cement in talks for stake in Sanghi Cement     
Vinod Adani steps down from 3 companies linked to Australia coal mine     



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. 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.Also read: Shree Cement in talks for stake in Sanghi Cement     Vinod Adani steps down from 3 companies linked to Australia coal mine     

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code