Steel Mills
JSW Managing Director Jindal Elected World Steel Chairman
Written by Michael Cowden
October 17, 2021
Sajjan Jindal, managing director of Indian steelmaker JSW Steel Ltd., has been elected chairman of the World Steel Association.
Jindal’s term runs through 2022. He replaces past World Steel Association Chairman Yu Yong, president of Chinese steelmaker HBIS Group.
“Governments and policy makers have come to realize that in order to rebuild their economies, they need to increase their spending on infrastructure,” Jindal said.
“As we contribute to the progress of society, we also need to build a better and cleaner future by working towards decarbonizing steel production,” he added.
While JSW Steel has a limited presence in the U.S. – a sheet mill in Mingo Junction, Ohio, and a plate and pipe mill in Baytown, Texas – it is among the largest steel producers in the world.
JSW produced 16.4 million short tons of steel in 2020, making it No. 25 on World Steel’s list of top steel producing companies.
Nucor, the largest U.S. Steelmaker, made 25 million tons of steel last year and weighs in at No. 15.
China Bauwu Group, the world’s largest producer, made 127 million short tons in 2020.
That figure is more than the 80 million short tons produced by the entire United States steel industry in 2020, according to World Steel Asociation figures.
By Michael Cowden, Michael@SteelMarketUpdate.com
Michael Cowden
Read more from Michael CowdenLatest in Steel Mills
BREAKING NEWS: Cliffs plans to idle three mills, cut 950 jobs on ‘insufficient demand and pricing’
Cleveland-Cliffs plans to indefinitely idle its steel mill in Riverdale, Ill., as well as mills in Conshohocken, Pa., and Steelton, Pa. The Cleveland-based steelmaker said all three facilities would be idled on or around June 30. Approximately 950 jobs will be impacted, the company said.
CRU: Usiminas may reduce capex unless government strengthens protection
“The lack of effective measures to create fair competition, amid a surge in subsidized imports, is the main threat to the sustainability of Brazil’s steel industry and its value chain,” CEO Marcelo Chara said.
USS swings to loss in first quarter on N. American flat-rolled segment woes
U.S. Steel CEO praised the company’s resilience, “despite the seasonally low results driven by annual mining logistics constraints in our North American Flat-Rolled segment and lagging spot prices.”
Nucor gives updates on new capacity coming online
Nucor said several of its capital projects will start operations within the next year and provided an update on them.
Algoma swings to loss on ‘market challenges’ and ‘tariff uncertainties’
Canada’s Algoma Steel swung to a loss in the first quarter amid "market challenges," and the company now expects first steel production from its first EAF in the second quarter.