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JSW Steel US plans to invest $500 million to acquire and modernise Acero Junction Inc, an integrated steel manufacturing unit in Ohio, US, with a potential capacity of 3 million tonnes per annum.
JSW Steel plans to invest up to $500 million in two phases to acquire, enhance and upgrade Acero Junction Inc. in Ohio, including revamping the EAF and slab caster and modernizing the hot strip mill.
India's JSW Steel Ltd agreed to buy Acero Junction Holdings for $80.85 million to expand its U.S. operations.