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regular-article-logo Sunday, 26 May 2024

JSW Steel to invest $145 million in Ohio unit

Proposed investments will be deployed to establish installation of one of the largest vaccum tank degasser in world and upgrade of supporting facilities

Our Special Correspondent New Delhi Published 04.05.23, 04:49 AM
Parth Jindal

Parth Jindal

JSW Steel USA Ohio Inc, an offshore arm of homegrown JSW Steel, will invest $145 million to upgrade its manufacturing operations at Mingo Junction in Ohio. The firm said the objective behind the move is to meet the demand for quality steel products that are melted and manufactured in the US.

“JSW Steel USA to invest $145 million in new projects to upgrade its manufacturing operations in Mingo Junction, Ohio. This is in alignment with President Biden Administration’s Buy America policies,” the company said.

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The proposed investments by JSW Steel USA will be deployed to establish various projects to upgrade its operations, including the installation of one of the largest vaccum tank degasser (VTD) in the world and upgrade of supporting facilities, including the manufacturing infrastructure.

The proposed VTD has substantially lower carbon emissions profile compared to a traditional steam ejector vacuum technology. It will help JSW Steel USA to reduce hydrogen content in its steel products through electrification of metallurgical processes.

Parth Jindal, director of JSW Steel USA, said, these new investments reiterate JSW’s commitment to a sustainable and green future. The operational upgrades being made in the US are a progressive step towards achieving the company’s long-term environmental, social and governance goals.

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