Japan’s JFE to double India steel capacity by 2030 on infrastructure demand
Companies
Steelmaker invests $1.7bn into local joint venture as competition grows
JFE Steel’s integrated steelworks in India, jointly operated with JSW Steel. (JFE Steel)
MUMBAI — Japanese steelmaker JFE Steel has begun operating an integrated steel plant in India with a local partner, part of an investment rush that is predicted to raise the country’s steel production capacity by nearly 40% by fiscal 2030.
