JSW Steel USA Expands Mingo Junction, Ohio, Steel Plant
05/05/2023
The investment will enhance the company’s domestic manufacturing capabilities while enabling the company to produce “Made in USA” slabs for the renewable energy and infrastructure sectors.
“These new investments reiterate JSW’s commitment to a sustainable and green future,” said Director of JSW Parth Jindal. The operational upgrades being made at JSW Steel USA are a progressive step toward achieving our long-term ESG goals. These investments and 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.”
JobsOhio plans to provide assistance for the project, which will be made public after a final agreement is executed. The Jefferson County Port Authority approved a reimbursement resolution in anticipation of issuing $160M in tax-exempt conduit revenue bonds to facilitate VTD and Caster Upgrades at JSW Steel’s Mingo Junction plant.
“Ohio has always been home to ingenuity and innovation that makes this state a destination for investment from companies such as JSW Steel, which is advancing its manufacturing to meet evolving market demand,” noted J.P. Nauseef, JobsOhio president and CEO. “The investment at JSW’s Mingo Junction facility will bring new jobs and the latest technology for more sustainable methods of steel production.”
JSW Steel USA is part of the diversified US $22 billion JSW Group and is home to both the largest and most modern Consteel™ EAF technology in North America as well as one of the widest plate mills. The company services shipyards, oilfield fabricators, heavy equipment producers, machinery makers, global energy and petrochemicals industry, and many other end users and distributors who need high quality steel.
“We thank JSW for the investment in new jobs and capital in the Southeast Ohio region, and we’re proud to support the company’s efforts through our revitalization grant program,” added Mike Jacoby, president of Ohio Southeast Economic Development (OhioSE). “JSW’s commitment to grow and invest is a great opportunity for the people and businesses in the area.”
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