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JSW Steel, Japan’s JFE Steel Corp. to Manufacture Electrical Steel Products in India

JSW Steel Ltd. and JFE Steel Corporation of Japan have signed a Joint Venture (JV) agreement to set-up a company in India for the development of Cold Rolled Grain-Oriented (CRGO) electrical steel products in India. The companies signed JV agreement on 2nd August 2023.

JSW Steel-JFE will manufacture and sell CRGO electrical steel products in the country through this newly formed JV. JFE Steel, as a part of the JV, will provide technology for production of CRGO steel.

Earlier, in 2021, both companies had signed an agreement to conduct a feasibility study for manufacturing CRGO steel.