JSW Steel's US Arm Begins Phase-II Upgrade To Reach Newer Markets

Limited’s US arm (USA) Inc today commenced its second phase to upgrade the plate mill facility located at Baytown in Texas.

Expected to complete in the second half of 2023, phase II is part of JSW USA’s plan to grow its steel manufacturing operations in Baytown.

This project involves addition of 4-Hi finishing mill, pre-leveler, accelerated cooling system/direct quench (ACC/DQ), cooling beds and new roll shop, said the Sajjan Jindal-led company in its release today.

“The continuation of these strategic capital upgrades at our facilities in USA will further strengthen JSW USA’s position as a high-quality, low-cost provider of melted and manufactured products. The beginning of phase II project reiterates our commitment to stay invested and grow in Baytown, Texas. This project is part of the $ 260 million investment committed by JSW to enhance the quality of our products, improve productivity, yields and the overall cost-effectiveness of our Baytown Plate Mill,” the release quoted Parth Jindal, director at JSW USA as saying.

Upon completion of phase-II, JSW USA will be in a position to deliver high quality products and also enter new markets.

“The phase-II project at Baytown will support the requirement of on and offshore wind tower, agriculture, construction, storage tank and surface critical market segments,” the release quoted Mark Bush, chief executive officer of JSW USA as saying.

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

RECENT NEWS

Titi Coles Legacy In Finance: Pioneering Diversity And Leadership

Titi Cole, one of the most senior Black women in the world of finance, recently exited her high-profile role at Citi. He... Read more

Rising Rates, Rising Challenges: Bankers Adapt To Serve Troubled Companies In A Changing Economic Landscape

As interest rates climb, troubled companies are facing heightened financial pressures, prompting them to seek assistance... Read more

The Elusive Nature Of Fraud Detection: Exploring The Auditor's Dilemma

In the intricate world of financial reporting, auditors serve as guardians of integrity, tasked with uncovering discrepa... Read more

The Battle For Depositors: US Lenders Ramp Up Efforts Amidst Rate Uncertainty

In the competitive landscape of the US banking sector, retaining depositors is paramount for lenders seeking to maintain... Read more

Beyond Capital: Unveiling The Complexities Of Bank Failure Prediction

In the realm of banking, the ability to predict and prevent failures is paramount for financial stability and consumer c... Read more

Central Banks And The Economic Horizon: Steering Through Uncertaintie

In the evolving landscape of global financial markets, the strategic role of central banks has come under intense scruti... Read more