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.