Source: ThomasNet.com
An integrated steel manufacturer based in India will be investing $500 million to expand a steel mill, including a new furnace and additional plate milling equipment, in Baytown, Texas.
Officials with JSW Steel announced that the investment will allow the plant to begin sourcing raw steel from Texas and other states instead of Brazil, Mexico, and India, in order to grow the company’s oil and natural gas business. The facility, located about 30 miles east of Houston, has been in use since the 1970s when it was bought by JSW for just over $800 million in October 2007.
Read more: “Texas Steel Mill Adding 500 Jobs”
