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JSW Steel, JFE Steel propose grain-oriented electrical steel sheet manufacturing JV in India

Friday, 07 May 2021
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JSW Steel has signed a memorandum of understanding (MoU) to conduct a feasibility study with the JFE Steel Corporation, a strategic alliance partner, to establish a grain-oriented electrical steel sheet manufacturing and sales joint venture (JV) company in India.
 
The plan is to complete the study within the current 2021 fiscal year and take appropriate steps to set up this JV company, subject to requisite approvals.
 
JSW Steel and JFE Steel had signed a comprehensive Strategic Collaboration Agreement in 2009, under which JFE Steel took an equity stake in JSW Steel, and has provided technical co-operation with regard to automotive steel products. 
 
In 2012, JSW and JFE entered into an agreement where JFE has provided technology for the production of non-oriented electrical steel sheets, which has enabled JSW to become a leading supplier in this field.

 

 
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