Italy's Danieli bags JSW Steel's Contract to upgrade its U.S. Plant
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Italian plant builder Danieli has received a contract from JSW Steel USA to upgrade its Texas plant that involves replacing the primary descaler, hot plate leveller and plate shearing line No. 1 in order to improve the plant yield. The goal is to replace the reversing rolling mill, install a pre-leveler, direct cooling and accelerated cooling, completely replace the cooling layers and add a new cold sheet leveler.
In October last year, JSW Steel had announced its plans to pump in USD 150 million (approximately INR 1,000 crore) in the first installment to set up its new facility in Texas. This was the part of the USD 500 million investment commitment made by the company for the steel pipes and plates facility in Texas in March 2018.
The first phase of the project has already begun, and the commissioning of new equipment is expected by the autumn of this year.
Among other 2nd-level automation features provided by Danieli Automation, the new four-sheet high-grade rolling stand will be equipped with a rolling plan (PVR) technology, which will increase productivity by about 2%.
JSW Steel marking its footprint in U.S.
JSW Steel (USA) is setting up the technologically advanced and eco-friendly electric arc furnace, slab caster and plate mill. The new facility is expected to be the only melt-and-manufacture plate mill with a contiguous pipe mill in North America. The plant is being built on 111 acres at JSW USA's 700-acre Baytown campus and is expected to be completed by March 2020.
In March 2018, JSW Steel signed a Memorandum of Co-operation to develop and augment the steel industry in the state. According to the memorandum, JSW Steel (USA) agreed to consider an investment of up to USD 500 million in phases (subject to EPA approval) to develop its steel manufacturing infrastructure in Texas.
Later in June, JSW Steel proposed another investment of up to USD 500 million in acquiring, enhancing and upgrading Acero Junction Inc, an integrated steel manufacturing unit with a potential capacity of three million tonnes per annum (MTPA) located in Ohio, US, in phases. This would take JSW's overall investment blueprint for the US market, to produce American melt and manufactured steel, to up to USD 1 billion.
