JSW Steel USA announced on May 2, 2023 that it plans to invest at least $119.4 million and create 26 jobs at its Mingo Junction, Ohio, steel plant, with the company saying it could invest up to $145 million.
The project
- Upgrades include vacuum tank degassing and caster improvements to make slabs for the renewable energy and infrastructure sectors.
- The plant is home to North America’s largest Consteel electric arc furnace and one of the widest plate mills.
- JobsOhio and Ohio Southeast Economic Development are supporting the project. The Jefferson County Port Authority moved toward issuing $160 million in tax-exempt revenue bonds.
- The announcement came at the 2023 SelectUSA Investment Summit in National Harbor, Maryland.
“These investments and projects will help us in producing high-quality, melted-and-manufactured-in-the-U.S. steel products required by our customers.”
Parth Jindal, director, JSW
Ohio Gov. Mike DeWine said the expansion would help secure “a stronger domestic supply chain for steel manufactured in the United States.”
FAQ
How much will JSW invest?
At least $119.4 million and up to $145 million.
How many jobs?
26 new jobs.
What will it make?
USA-made steel slabs for renewable energy and infrastructure.
Source & credit
Source: The Intelligencer (Wheeling), May 2023: “JSW Steel Plans To Invest $119M in Mingo Junction Plant”.
Also: Area Development, May 5, 2023: “JSW Steel USA Expands Mingo Junction, Ohio, Steel Plant”.