JFE Steel Corporation and JSW Steel Ltd have bonded together in a historic collaboration agreement. The two companies signed the agreement on the November 19th 2009 in Mumbai. This collaboration agreement provides an ideal platform for both the steel companies to come together and leverage each others strength to their mutual benefit.

It may be recalled that JSW Steel is expanding its production capacity to 11 million tonne per annum by 2011 from the current levels of 7.8 million tonne per annum and is the largest private integrated steel manufacturer in India based on installed capacity.

The company achieved a significant volume growth of 54% in crude steel production and 74% in saleable steel during the second quarter of FY 09 10. JSW is poised to become a major player in the value added segment of products. Its extra wide state of the art Hot Strip mill will be ready by March 2010. The company has plans to expand its capacity to 32 million ton per annum by 2020 by setting up Greenfield projects of 10 million ton per annum each in Jharkhand and West Bengal.