Latest news with #JSWSteelUSA
Business Upturn
08-08-2025
- Business
- Business Upturn
JSW Steel Reports 19% YoY growth to 26.24 lakh tonnes in crude steel production for July 2025
By Aman Shukla Published on August 8, 2025, 10:06 IST JSW Steel, one of India's leading steel manufacturers, reported a strong year-on-year growth in its consolidated crude steel production for July 2025. According to the company's latest operational update, total crude steel output stood at 26.24 lakh tonnes, marking a 19% increase compared to 22.15 lakh tonnes in July 2024. The company also revealed that capacity utilisation at its Indian operations reached 92.5% during the month, indicating steady demand and consistent operational efficiency across its domestic facilities. Production Breakdown – July 2025 vs July 2024 Indian Operations: Crude steel production from JSW's Indian plants was 25.52 lakh tonnes, up from 21.40 lakh tonnes in July 2024 — a 19% year-on-year rise. JSW Steel USA – Ohio: The U.S. unit produced 0.72 lakh tonnes, marginally lower than the 0.75 lakh tonnes recorded in the same period last year. Despite the slight dip in U.S. output, the consolidated production figure reflects robust growth, primarily driven by a strong performance in the Indian market. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Business Standard
08-07-2025
- Business
- Business Standard
JSW Steel records consolidated crude steel production of 7.26 Mnt in Q1 FY26
JSW Steel reported consolidated Crude Steel production for the first quarter of FY 2025-26 at 7.26 million tonnes. The Crude Steel production was higher by 14% YoY. However, it was lower by 5% QoQ primarily due to planned maintenance shutdowns of blast furnaces during the quarter. Post these planned maintenance shutdowns, the blast furnaces have been restarted and operating at optimum capacity levels. Accordingly, the capacity utilisation at Indian Operations stood at 87% for Q1 FY26. The break-up of production is as below: (Mnt) Particulars Q1 FY26 Q4 FY25 Q1 FY25 QoQ YoY Indian Operations 7.02 7.40* 6.12 -5% 15%JSW Steel USA - Ohio 0.24 0.23 0.23 Consolidated Production 7.26 7.63 6.35 -5% 14%*Including Trial run production of 0.21 Mnt in Q4'25
Newsweek
08-05-2025
- Business
- Newsweek
GOP Rep.: Ohio's Steel Mills Are Thriving Thanks to Trump's Tariffs
The steel mills of Ohio's 6th Congressional District were once the heartbeat of America—until hyperglobalism ripped them apart. Towns like Youngstown and Mingo Junction, proud and prosperous, became ghost towns of shuttered factories and broken dreams. For decades, elites from Washington to Wall Street sold out our workers with one-sided trade deals, leaving families to fend for themselves. Then came Donald Trump. His America First agenda didn't just talk about forgotten Americans—it fought for them. Today, mills like JSW Steel USA in Mingo Junction are roaring back to life, powered by Trump's tariffs and a renewed belief in the American Dream. For generations, these towns in the Ohio River Valley were the backbone of American industry. In 1949, Youngstown ranked among the nation's wealthiest cities, its steel mills and factories like General Motors employed thousands. Immigrants from Eastern Europe, Ireland, and Italy—lifelong Democrats—built tight-knit communities united by work, faith, and family. But starting in the late 20th century, something went wrong. Free-trade policies, championed by both parties, sent jobs overseas. Factories closed, storefronts boarded up, and promises to workers were broken. Democrats abandoned labor for coastal elites and globalist priorities. Republicans clung to outdated free-market dogmas. The people of OH-06 were left behind. President Donald Trump speaks during a meeting with NATO Secretary General Mark Rutte in the Oval Office of the White House on March 13, 2025, in Washington, D.C. President Donald Trump speaks during a meeting with NATO Secretary General Mark Rutte in the Oval Office of the White House on March 13, 2025, in Washington, Trump changed that. His tariffs aren't about starting trade wars—they're about ending the one-sided surrender that gutted our manufacturing base. For decades, China dumped cheap, subsidized steel into our markets, and Europe taxed American cars while flooding our shelves with their goods. That's not free trade—it's unfair trade. Trump's policies level the playing field, standing up to bad actors who've exploited our openness. The results are undeniable. JSW Steel USA, nestled along the Ohio River, is thriving once again. Its CEO credits Trump's reciprocal tariffs for enabling hundreds of millions in upgrades, with plans for expansion and new hires. This isn't just a factory—it's a lifeline, restoring dignity, paychecks, and hope to families who never gave up on their hometown. Tariffs aren't a silver bullet, and supporting them hasn't always been easy. Establishment Republicans, wedded to a bygone era, hesitated. But here in OH-06, we know the cost of inaction: more closures and more hollowed-out towns. Tariffs have long been a cornerstone of American economic strategy. Alexander Hamilton, one of our great Founding Fathers, championed this approach, even coining it the "American School" of economic thought. For decades it protected domestic industries from foreign manipulation. Trump's policies empower businesses to invest, hire, and compete, reminding the world that trade must be fair—not a one-way street benefiting Beijing at the expense of the Ohio River Valley. This is about more than economics—it's about restoring the American Dream. Factories are humming again in towns once written off. Ford has voiced support for Trump's trade policies, recognizing their role in boosting domestic production. For the first time in years, young people in Steubenville and East Liverpool see a future at home. Politically, the shift is clear. Ohio, once a purple state, turned decisively red in 2020, with Trump carrying OH-06 by a landslide. Working-class voters, once union Democrats, now pack Trump rallies. They're not looking for handouts—just a fair shot. They've had enough of a Democrat Party more focused on global summits than Main Street here at home. I've walked the factory floor at JSW, looked workers in the eye, and seen their pride in making something American. Critics warn of short-term price hikes, but I think of the long-term costs of doing nothing—more broken families, more lost towns. The people of OH-06 get it. They see President Trump's roadmap for lasting gain, because they believe in their work, their communities, their president, and their country. As a congressman, I'm fighting for policies that put American workers first, rebuild our industrial base, and restore pride to forgotten towns. Trump's tariffs are more than a tool—they're a symbol of renewal. Together, we'll ensure places like Youngstown and Mingo Junction aren't relics of decline, but beacons of the classic American comeback. Mike Rulli represents Ohio's 6th Congressional District. The views expressed in this article are the writer's own.
Yahoo
16-02-2025
- Business
- Yahoo
Trump tariffs spark 'exciting time' for Ohio steel plant as CEO eyes adding jobs, boosting productivity
FIRST ON FOX: President Donald Trump's tariffs will be a boon for an Ohio-based steel mill and its employees, the CEO of JSW Steel USA, a subsidiary of a massive India-based steel manufacturer, told Fox News Digital in an exclusive interview. "It's a good piece of the formula that results in our company increasing utilization in the next 12 months, from 68% to probably 84%, and beyond that in years to come. So it's a very exciting time for us," JSW Steel USA CEO Robert Simon told Fox News Digital of Trump's tariff plan in a phone interview on Thursday evening. Simon has served as the CEO of JSW Steel USA since March of last year, bringing with him more than 30 years of experience in the steel industry. He spoke to Fox News Digital following Trump announcing his administration's "fair and reciprocal plan on trade," which he celebrated during a press conference as a project that will flood the U.S. with jobs as trading partners move their industries to U.S. soil to avoid tariffs. JSW USA is a subsidiary of Mumbai-headquartered JSW Group, which owns India's second-largest private steel company, JSW Steel. JSW USA has two steel locations in the U.S., one at Mingo Junction, Ohio, and another operation in Baytown, Texas. Trump Details His Reciprocal Tariff Plans, Asks Foreign Countries To 'Treat Us Fairly': 'Deliver Reciprocity' Simon told Fox News Digital that across his more than 30 years in the industry, U.S. steel manufacturers have complied with strict environmental and safety practices, and paid their employees fairly, while foreign steel manufacturers could skirt U.S. regulations while exporting their goods to the U.S. Read On The Fox News App "We, as steel producers, we paid our employees fair wages, treated them fairly, met some of the most – if not the most strict – environmental requirements in the world, and those practices in our markets, with the simple supply-demand equation establishes market pricing." "The frustration is, how is it fair that others that don't treat their employees the same way, don't follow the same rules, don't follow environmental practices… they get government subsidies. How is it fair that they can come into our markets and take market share when it's not an equal playing field?" he said. Simon said the Ohio plant alone will likely see a minimum increase of 100 jobs in the next year under Trump's tariff plan. "As you look at that increase in utilization coupled with the overall increase in production that we foresee in the next three to five years, we estimate, at a minimum, a 100 jobs increase in the next 12 plus months associated with that utilization rate increase," he said. Who Gets Hit Hardest By Steel And Aluminum Tariffs? Trump's administration issued a fact sheet last week restoring a 25% tariff on steel, which detailed "domestic steel and aluminum industries and achieving sustainable capacity utilization of at least 80%." JSW Steel USA told Fox News Digital that they are already on track to increase their utilization rate from 68% to 84% – higher than Trump's target number of 80%. Under the first Trump administration, JSW Steel USA notably sued the federal government in 2019 over tariffs regarding imported steel-slab materials. The company now makes all domestic steel-slab materials as part of the JSW Group's belief that its facilities both make products and supply the product in the communities they serve. Simon celebrated in his comments to Fox Digital that Ohio families that had long worked in the steel industry are making a return to the factory as the industry reinvigorates under the first and second Trump administrations. JSW USA purchased the Ohio factory in 2018, after it had operated as a Wheeling-Pittsburgh Steel plant, but sat dormant for years. Trump Advisor Teases New 'Golden Age' Of U.s. Steel And Aluminum "This is a company that had been shut down for over seven years, when we acquired it. We hired a workforce, trained a workforce, all from the local area. What's really cool to see is we've got employees whose grandparents and great-grandparents worked in this same company, which ended up being shut down, and they're part now of reviving that company and bringing it to an offering of products that's extremely competitive and extremely impressive in terms of its value added products," Simon said. Trump announced a reciprocal tariff plan on Thursday, tapping Howard Lutnick, his nominee for commerce secretary, to produce a report on reciprocal trade relations within 180 days. Lutnik said Thursday that he will have the report ready for Trump by April 1. What Are Tariffs, How Do They Work And Who Pays For Them? "On trade, I have decided for purposes of fairness, that I will charge a reciprocal tariff – meaning whatever countries charge the United States of America, we will charge them no more, no less. In other words, they charge us a tax or tariff and we charge them the exact same tax or tariff. Very simple," he said at the White House on Thursday. Trump touted that the plan will lead to a job boon in the U.S. as foreign trading partners move operations stateside to avoid the reciprocal tariffs. "They can build a factory here, a plant or whatever it may be, here," Trump said Thursday afternoon from the Oval Office. "And that includes the medical, that includes cars, that includes chips and semiconductors. That includes everything. If you build here, you have no tariffs whatsoever. And I think that's what's going to happen. I think our country is going to be flooded with jobs." Simon told Fox News Digital that Trump's business and deal-making abilities are "obvious to everybody" as he whips through dozens of executive actions and orders in just a few weeks back in the Oval Office, remarking that it's "pretty amazing." "It's become obvious to everybody that Mr. Trump is not a politician, right, but, more of a business person stepping in and leading our country, from much more of a business perspective than as a career politician. Like it or not, for those folks that have different opinions, this results in very quick negotiations. I don't think I've ever in my time here seen so much movement, so much decision-making, so many decisions being made in this shorter period of time since he's been in office. It's pretty, pretty amazing," he said. Trump also met with Indian Prime Minister Narendra Modi on Thursday, and the two discussed trade, the economic relationship between India and the United States and military sales. The pair also "committed to drive opportunities for U.S. and Indian companies to make greenfield investments in high-value industries in each other's countries," including naming JSW's operations at Texas and Ohio as a prime ongoing investment in the U.S., according to a joint statement from the two nations. "The steel tariffs enacted by President Trump are a necessary step in leveling the playing field for American steelworkers and manufacturers. Foreign competitors fail to protect their workforce at the same safety standards, do not compensate them fairly, and produce steel that contributes to environmental degradation, all the while, seeking to flood the U.S. market, taking advantage of our strong economy, driving a collapse of our markets in the process," Simon added in comment provided to Fox article source: Trump tariffs spark 'exciting time' for Ohio steel plant as CEO eyes adding jobs, boosting productivity
Fox News
16-02-2025
- Business
- Fox News
Trump tariffs spark 'exciting time' for Ohio steel plant as CEO eyes adding jobs, boosting productivity
FIRST ON FOX: President Donald Trump's tariffs will be a boon for an Ohio-based steel mill and its employees, the CEO of JSW Steel USA, a subsidiary of a massive India-based steel manufacturer, told Fox News Digital in an exclusive interview. "It's a good piece of the formula that results in our company increasing utilization in the next 12 months, from 68% to probably 84%, and beyond that in years to come. So it's a very exciting time for us," JSW Steel USA CEO Robert Simon told Fox News Digital of Trump's tariff plan in a phone interview on Thursday evening. Simon has served as the CEO of JSW Steel USA since March of last year, bringing with him more than 30 years of experience in the steel industry. He spoke to Fox News Digital following Trump announcing his administration's "fair and reciprocal plan on trade," which he celebrated during a press conference as a project that will flood the U.S. with jobs as trading partners move their industries to U.S. soil to avoid tariffs. JSW USA is a subsidiary of Mumbai-headquartered JSW Group, which owns India's second-largest private steel company, JSW Steel. JSW USA has two steel locations in the U.S., one at Mingo Junction, Ohio, and another operation in Baytown, Texas. Simon told Fox News Digital that across his more than 30 years in the industry, U.S. steel manufacturers have complied with strict environmental and safety practices, and paid their employees fairly, while foreign steel manufacturers could skirt U.S. regulations while exporting their goods to the U.S. "We, as steel producers, we paid our employees fair wages, treated them fairly, met some of the most – if not the most strict – environmental requirements in the world, and those practices in our markets, with the simple supply-demand equation establishes market pricing." "The frustration is, how is it fair that others that don't treat their employees the same way, don't follow the same rules, don't follow environmental practices… they get government subsidies. How is it fair that they can come into our markets and take market share when it's not an equal playing field?" he said. Simon said the Ohio plant alone will likely see a minimum increase of 100 jobs in the next year under Trump's tariff plan. "As you look at that increase in utilization coupled with the overall increase in production that we foresee in the next three to five years, we estimate, at a minimum, a 100 jobs increase in the next 12 plus months associated with that utilization rate increase," he said. Trump's administration issued a fact sheet last week restoring a 25% tariff on steel, which detailed "domestic steel and aluminum industries and achieving sustainable capacity utilization of at least 80%." JSW Steel USA told Fox News Digital that they are already on track to increase their utilization rate from 68% to 84% – higher than Trump's target number of 80%. Under the first Trump administration, JSW Steel USA notably sued the federal government in 2019 over tariffs regarding imported steel-slab materials. The company now makes all domestic steel-slab materials as part of the JSW Group's belief that its facilities both make products and supply the product in the communities they serve. Simon celebrated in his comments to Fox Digital that Ohio families that had long worked in the steel industry are making a return to the factory as the industry reinvigorates under the first and second Trump administrations. JSW USA purchased the Ohio factory in 2018, after it had operated as a Wheeling-Pittsburgh Steel plant, but sat dormant for years. "This is a company that had been shut down for over seven years, when we acquired it. We hired a workforce, trained a workforce, all from the local area. What's really cool to see is we've got employees whose grandparents and great-grandparents worked in this same company, which ended up being shut down, and they're part now of reviving that company and bringing it to an offering of products that's extremely competitive and extremely impressive in terms of its value added products," Simon said. Trump announced a reciprocal tariff plan on Thursday, tapping Howard Lutnick, his nominee for commerce secretary, to produce a report on reciprocal trade relations within 180 days. Lutnik said Thursday that he will have the report ready for Trump by April 1. "On trade, I have decided for purposes of fairness, that I will charge a reciprocal tariff – meaning whatever countries charge the United States of America, we will charge them no more, no less. In other words, they charge us a tax or tariff and we charge them the exact same tax or tariff. Very simple," he said at the White House on Thursday. Trump touted that the plan will lead to a job boon in the U.S. as foreign trading partners move operations stateside to avoid the reciprocal tariffs. "They can build a factory here, a plant or whatever it may be, here," Trump said Thursday afternoon from the Oval Office. "And that includes the medical, that includes cars, that includes chips and semiconductors. That includes everything. If you build here, you have no tariffs whatsoever. And I think that's what's going to happen. I think our country is going to be flooded with jobs." Simon told Fox News Digital that Trump's business and deal-making abilities are "obvious to everybody" as he whips through dozens of executive actions and orders in just a few weeks back in the Oval Office, remarking that it's "pretty amazing." "It's become obvious to everybody that Mr. Trump is not a politician, right, but, more of a business person stepping in and leading our country, from much more of a business perspective than as a career politician. Like it or not, for those folks that have different opinions, this results in very quick negotiations. I don't think I've ever in my time here seen so much movement, so much decision-making, so many decisions being made in this shorter period of time since he's been in office. It's pretty, pretty amazing," he said. Trump also met with Indian Prime Minister Narendra Modi on Thursday, and the two discussed trade, the economic relationship between India and the United States and military sales. The pair also "committed to drive opportunities for U.S. and Indian companies to make greenfield investments in high-value industries in each other's countries," including naming JSW's operations at Texas and Ohio as a prime ongoing investment in the U.S., according to a joint statement from the two nations. "The steel tariffs enacted by President Trump are a necessary step in leveling the playing field for American steelworkers and manufacturers. Foreign competitors fail to protect their workforce at the same safety standards, do not compensate them fairly, and produce steel that contributes to environmental degradation, all the while, seeking to flood the U.S. market, taking advantage of our strong economy, driving a collapse of our markets in the process," Simon added in comment provided to Fox Digital.
