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JSW Steel USA Puts Mingo Junction EAF Plans on Hold

Steel News - Published on Wed, 21 Aug 2019

Image Source: Business Wire
SP Global reported that JSW Steel USA has put on hold its plans to construct a new electric arc furnace at its plate mill in Baytown in Texas in USA. JSW USA CEO John Hritz said “While JSW USA is fully underway in modernizing the plate mill at Baytown, Texas, given the current market conditions and the prevailing policy environment, the company has for now decided to put on hold the backward integration project of installing an electric arc furnace and slab caster at Baytown. JSW USA, however, remains committed to being a fully melt and manufactured enterprise in the US and is working diligently on ramping up Mingo Junction's 1.5 million tonne EAF and Caster in Ohio."

JSW USA had said in March 2018 that it planned to invest USD 500 million at its Baytown, Texas, mill in a multi-phase project that would include the installation of an EAF. JSW's Baytown mill is dependent on imported slabs to produce its plate and pipe products.

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Posted By : Sanju Moirangthem on Wed, 21 Aug 2019
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