Monday, 25 June 2018

Donald Trump Welcomes JSW Steel's $1 Billion Investment Plans in US- USA News


Mumbai: Donald Trump has welcomed the JSW Steel's proposed USD 1 billion investment in its Texas and Ohio steel mills, the company said quoting a tweet by the American president.

"Steel is coming back fast. US steel adding great capacity also. So are others," JSW Steel said in a statement on Sunday quoting Trump as saying in a tweet.

The company also said US commerce secretary Wilbur Ross too welcomed the investment. "Congratulations to JSW Steel on your investments made in Ohio," it said quoting a tweet by Ross.

JSW Steel had earlier announced a USD 1 billion investment to modernise its two manufacturing facilities in Texas and Ohio.

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