JFE Steel and JSW Steel form $670M joint venture for electrical steel in India

JFE Steel and JSW Steel signed a joint venture agreement to establish JSW JFE Electrical Steel Private Limited in Bellary district, Karnataka, India, to manufacture grain-oriented electrical steel (GOES). Total investment is planned at $670 million, with full production targeted for fiscal 2027.

“JFE Steel Corporation (JFE Steel) and JSW Steel Limited (JSW Steel) have now signed the joint venture agreement for establishment of a grain-oriented electrical steel sheet (GOES) manufacturing joint venture company (JV), JSW JFE Electrical Steel Private Limited.”jfe-steel.co.jp

• 1 source
• jfe-steel.co.jpAbout the joint venture agreement to establish a joint venture company in India to manufacture grain-oriented electrical steel with JSW Steel Limited|JFE Steel CorporationAug 3, 2023

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