JSW USA Lays Out $1 Billion in North American Investment

So far, I have found the CRU North American Steel Conference in Chicago today to be filled with some excellent speakers and topics. There has been a considerable amount of support for the policies of President Trump, especially with Section 232 tariffs and the handling of trade negotiations with China, Mexico and Canada. Perhaps panelist JSW CEO John Hritz coined a new term for the steel industry when he called those in his company “Trumpetes” and very supportive of the president’s efforts.

Hritz, President & CEO of JSW USA, spoke at length about the amount of money the parent company is spending on their plate, pipe and tube, and Mingo Junction (JSW Ohio) operations. They expect to spend $1 billion over the next 18 months to two years. The company plans to add 1,000 jobs, 500 in both Baytown, Texas, and Mingo Junction, Ohio.