ET reported that JSW Steel is eyeing export markets such as South America, Mexico and Chile to keep its US subsidiary JSW Steel USA afloat.

Mr Sajjan Jindal MD of JSW Steel said that the US subsidiary which is operating at 10% to 15% production capacity currently will start exporting steel plates and pipes to the other American markets from next year after meeting domestic demand.

Mr Jindal said that “There was a dearth of orders last year after the financial crisis led to the recession in the US. But we are seeing a revival in demand from construction and automobile sectors in the country and have received some orders too.”

Mr Jindal added that the US subsidiary will increase its capacity utilization once it starts exporting to overseas markets.

JSW Steel’s steel plate and pipe mills in Texas has the capacity to produce 1 million tonne steel plates and 0.5 million tonne pipes every year.

(Sourced from Economic Times)