JFE Steel signs agreement with JSW Steel Limited
JFE Steel Corporation announced, that an agreement has been signed with its strategic partner JSW Steel Limited, to provide manufacturing technology for the production of automotive steel in Cold Rolling Mill 2 (CRM-2) at Vijaynagar. Operations are expected to start by autumn 2013.
Under the agreement, JFE Steel which has a 15% stake in JSW will provide assistance to develop various grades of steel, including steel for external panels for automobiles in high strength viz JFE-HITEN, JAZ®, zinc-coated steel sheets, to meet the high end and diverse local demands from automakers with production bases in India.
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