Steel Mills

JSW USA Underway With Big Upgrades to Texas Plate Mill
Written by Michael Cowden
November 3, 2021
JSW Steel (USA) Inc. has launched the second phase of a $260 million project aimed at refurbishing its plate mill in Baytown, Texas.
The upgrades will allow the Baytown mill to better compete in on- and offshore wind tower, agriculture, construction and storage tank markets as well as in other sectors for which surface finish is a critical selling point, the company said.
The latest expansion will include the addition of a 4-Hi finishing mill, pre-leveler, accelerated cooling system/direct quench (ACC/DQ), cooling beds and a new roll shop.
The work is scheduled to be finished in the second half of 2023, JSW USA said.
“Once this project is completed, it will put JSW USA in a position to deliver higher quality products as well as enter new markets,” company CEO Mark Bush said in a statement.
“The continuation of these strategic capital upgrades at our facilities in the USA will further strengthen JSW USA’s position as a high-quality, low-cost provider of melted-and-manufactured products,” company director Parth Jindal said.
JSW USA is a subsidiary of Indian steelmaker JSW Steel Ltd. JSW Steel, in turn, is part of Indian conglomerate JSW Group, which is also a big player in energy, infrastructure and cement.
While JSW Steel has a limited presence in the U.S. – a sheet mill in Mingo Junction, Ohio, and the plate and pipe mill in Baytown – it is among the largest steel producers in the world.
The Ohio mill has an electric arc furnace (EAF). The Texas plant does not currently have melt capacity. But Baytown can roll slabs melted in Mingo Junction to participate in certain government work that requires steel to be melted and poured domestically.
By Michael Cowden, Michael@SteelMarketUpdate.com

Michael Cowden
Read more from Michael CowdenLatest in Steel Mills

Ternium pushes forward with growth projects despite slump in earnings and Mexican market
Ternium S.A. Fourth quarter ended Dec.31 2024 2023 Change Net sales $3,876 $4,931 -21.4% Net income (loss) $333 $554 -39.9% Per diluted share $1.43 $2.11 -32.2% Full year ended Dec.31 Net sales $17,649 $17,610 0.2% Net income (loss) $174 $986 -82.4% Per diluted share $(0.27) $3.44 -108% (in millions of dollars except per share) While […]

Kestenbaum, Ancora state their case in proxy fight for U.S. Steel
Ancora Holdings is moving forward with its proxy fight to oust U.S. Steel’s leadership and install a new board of directors and Alan Kestenbaum as CEO.
BlueScope shelves midstream facility but still upbeat on US
BlueScope Steel is pulling back on its expansion plans in the US for now but remains optimistic about the North American market.

Japanese PM cites ‘unjust political interference’ in Nippon/USS deal: Report
Japan’s Prime Minister Shigeru Ishiba said on Monday that former President Joe Biden’s decision to block Nippon Steel’s buy of U.S. Steel was “unjust political interference,” according to a report in Reuters. This comes after another Reuters report on Friday saying that President Trump would not object to Nippon taking a minority stake in the […]

Trump says Nippon will ‘invest heavily’ in USS rather than buy it
Nippon Steel has agreed to “invest heavily in U.S. Steel as opposed to own it,” President Donald Trump said on Friday during a press conference with Japanese Prime Minister Shigeru Ishiba. U.S. Steel is “a very important company” and was once “the greatest company in the world”. Of potential foreign ownership of the Pittsburgh-based steelmaker, Trump said, “the concept, psychologically, not good."