JSW Steel Plans $500 Million Investment in Acero Junction

Parth Jindal, Director, JSW Steel (USA) Inc., said in a statement: “JSW is pleased to share its intention for additional investments in the U.S. market. It is our fundamental belief that due to the rich availability of scrap metal and abundance of natural gas, making steel through the EAF route is highly competitive in the USA from a global standpoint. Over the past few months, we have announced the backward integration of our plate and pipe mill in Baytown, Texas. Through our acquisition of Acero Junction, we further our product range as we will be able to supply American Melted and Manufactured Hot Rolled coils. It is our intention to further augment our capacity in Acero Junction over the next few years and, subject to necessary approvals, to take the combined capacity of JSW USA to 4 MTPA (3 MTPA at Acero and 1 MTPA at Baytown), which will be 100% American Melted and Manufactured.”

The Acero Junction steel manufacturing facility, located on the bank of the Ohio River, uses an electric arc furnace to produce hot rolled coils. It includes a 1.5 MTPA electric arc furnace, a 2.80 MTPA slab caster, and a 3.0 MTPA hot strip mill. The hot strip mill is capable of producing a wide range of steel grades in widths up to 2,000 mm wide and in thicknesses from 1.5mm – 10 mm.