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
Primetals to replace two EAFs at US mill
Primetals Technologies will be replacing two electric-arc furnaces at a steel mill in the US with one more energy-efficient furnace.
Nippon’s Mori meets with Pa. Gov. Shapiro: Report
Nori, a top Nippon Steel official, met on Tuesday with Pennsylvania's governor, to discuss its proposed acquisition of U.S. Steel.
Nippon won’t import slabs to US if U.S. Steel deal goes through
Nippon Steel has affirmed that if its $14.9-billion bid for U.S. Steel proves successful, the Japanese steelmaker will not import overseas-produced slabs to the US.
AISI: Raw steel production falls to 5-week low
Domestic raw steel mill production slipped to a five-week low last week, according to the latest figures released by the American Iron and Steel Institute (AISI). Weekly production is now at the third-lowest level recorded this year.
Nucor maintains HR price at $750/ton
Nucor’s weekly consumer spot price (CSP) for hot-rolled (HR) coil was unchanged week on week (w/w) at $750 per short ton (st) on Monday, Nov. 18.