JSW Steel finalizes Welspun coil, plate division buy to strengthen flat steel position

India’s JSW Steel has beefed up its production capacity after confirming the purchase of the plate and coils division of fellow steelmaker Welspun Steel, the company has announced.

The purchase agreement had been in place for two years before the rubberstamp came on Wednesday March 31, with Welspun announcing in April 2019 that it would sell the assets to JSW Steel subject to approval of the Competition Commission of India. The Commission...


Lee Allen

April 06, 2021

09:30 GMT