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
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