JSW Steel's US operations poised for a turnaround amid the pandemic

With modernisation of Baytown plate mill, the utilisations will more than double leading to conversion costs reducing by 33-40 per cent, says company

With its US operations gearing up for over 80 per cent capacity utilisation levels from the June quarter of FY22, Sajjan Jindal-led JSW USA is poised for a complete turnaround after almost a decade.

“With modernisation of Baytown plate mill, the utilisations will more than double leading to conversion costs reducing by 33-40 per cent. This will ensure sustained positive earnings along with (positive) net income, insulating the business from the cyclical nature of steel,” Parth Jindal, director of JSW USA, told Business Standard in an interview today.

All along, the capacity utilisation of the Baytown unit was hovering around