JSW Steel and JFE Steel Japan May Jointly Setup a CRGO Steel Unit in India
JSW Steel has signed an agreement with JFE Steel Corporation of Japan to conduct feasibility study of a local manufacturing facility for grain-oriented electrical Steel sheets, popularly known as cold-rolled grain-oriented Steel (CRGO Steel) mainly used for manufacturing transformers.
The feasibility report is to be completed before 31st March 2022, and then proceed to set up a joint-venture company for the new manufacturing unit.
It is to be noted here that JFE Steel since 2009 has been collaborating with JSW Steel by providing technology for the production of automotive Steel products and non-oriented electrical Steel sheets, which has enabled JSW to capture a major market in India for these products.
