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JSW Steel and POSCO Explore Joint Venture for Indian Steel Plant
ByAinvest
Sunday, Aug 17, 2025 11:43 pm ET1min read
JSW Steel Limited and POSCO are exploring the possibility of setting up a steel plant in India. JSW Steel is a leading Indian manufacturer of steel products, with a presence in 17 production sites across India, the US, and Italy. The company's net sales are primarily driven by the sale of steel products, which account for 98.3% of its revenue.
JSW Steel Limited and South Korea's POSCO have entered into a partnership to explore the possibility of setting up an integrated steel plant in India. This strategic move comes as both companies look to expand their operations in the country, which is the largest steel market by market capitalization.JSW Steel, one of India's leading manufacturers of steel products, operates 17 production sites across India, the United States, and Italy. The company's net sales are primarily driven by the sale of steel products, which account for 98.3% of its revenue [2].
POSCO, a global steelmaking giant, is known for its advanced steelmaking technologies and sustainable practices. The partnership with JSW Steel aims to leverage POSCO's technological expertise and JSW Steel's local market knowledge to establish a state-of-the-art steel plant in India.
The joint venture is still in the exploratory phase, and no specific timeline or investment details have been disclosed. However, this collaboration signifies a significant step in the steel industry's ongoing efforts to enhance production capacity and efficiency in India.
References:
[1] https://www.reuters.com/world/india/jsw-steel-posco-explore-setting-up-steel-plant-india-2025-08-18/
[2] https://www.marketscreener.com/news/jsw-steel-posco-to-explore-setting-up-a-steel-plant-in-india-ce7c51dfdc8df427
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