Indian steelmaker JSW Steel and South Korea’s POSCO have signed a non-binding heads of agreement to evaluate the construction of a 6 million tpa greenfield steel plant in Odisha, India.
The project builds on a 2024 memorandum of understanding between the two companies for a 50:50 joint venture. A detailed feasibility study will determine site selection, resource allocation, and investment requirements.
If realized, the plant would significantly enhance India’s steelmaking capacity and bolster its competitiveness in the global market.
VietnamSteel by Hoa Sen Group
