JSW Steel USA Secures Aid from Ohio Rail Department
JSW Steel USA has been granted USD 1 million in financial assistance by the US-based Ohio Rail Development Commission (ORDC) for its two on-site rail projects at the Mingo Junction facility. A division of the domestic steel manufacturer JSW Steel is JSW Steel USA. According to a statement from JSW Steel, the rail projects complement the company's recently announced USD 145 million expansion, which would enable it to better serve the infrastructure and renewable energy industries.
The two rail projects are expected to cost USD 5.1 million and boost JSW's capacity for processing scrap and finished goods. The first rail project aims to increase capacity from 184 car slots to 351 by enlarging the shared yard between Norfolk Southern, Wheeling & Lake Erie. On the south side of JSW's Mingo Junction property, the second project entails expanding the rail infrastructure for the purpose of storing and transporting iron and scrap.
"We are excited about our collaboration with ORDC, which gives us the assurance to keep making investments in the Ohio Valley. Our growth initiatives will be completed more successfully if we invest in our infrastructure, according to Jonathan Shank, Chief Operating Officer of JSW Steel USA Mingo Junction.