ATI to Convert JSW Steel Mingo Slabs into Hot Rolled Coils
JSW Steel's US based subsidiary JSW Steel USA Ohio Inc has signed an agreement with Allegheny Technologies Inc to convert carbon steel slabs into
JSW Steel's US based subsidiary JSW Steel USA Ohio Inc has signed an agreement with Allegheny Technologies Inc to convert carbon steel slabs into hot rolled coils. JSW Steel USA said “'JSW Steel USA Ohio Inc has signed a long term agreement with Allegheny Technologies Inc for the conversion of carbon steel slabs manufactured at JSW Steel USA's facility in Mingo Junction in Ohio into hot rolled coils at ATI's hot rolling and processing facility in Brackenridge in Pennsylvania.”
JSW USA Director Mr Parth Jindal said “JSW USA has been on a path of modernization for the last 24 months, from our plate mill in Baytown in Texas to our EAF in Mingo Junction in Ohio. Our agreement with ATI is further testimony to our vision of being a premium supplier of steel products in the market. Leveraging on ATI’s superior capabilities we feel our carbon steel slabs have a great home.”
JSW USA CEO Mr Mark Bush said “The partnership with ATI allows the company to supply the high-quality products required by customers in the US. The collaboration with ATI allows us to operate our electric arc furnace at the most optimal volumes and efficiency, lowering our conversion costs.”
JSW restarted the electric arc furnace at its Ohio mill in March after being largely absent from the US market in the prior year as a result of intermittent production in 2020 due to coronavirus-related demand disruptions, low HRC prices and planned mill upgrades.
JSW's Indian-parent company purchased the Mingo Junction mill in early 2018 for USD 80.85 million. The transaction included an 80-inch hot-strip mill with a capacity of 3 million short tons per year and an electric-arc furnace that was installed in 2004 but was not operational between 2009 and 2018. It was able to restart the furnace by the end of 2018.