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India's JSW Group plans green steel mill dedicated to exports to Europ-鑄件展-鑄件采購會-國際鑄件展-鑄造工業展-2025第二十五屆廣州國際鑄件產品及鑄造工業展會-巨浪展覽-The 25th China(Guangzhou) Int'l Casting Products ,foundry Industry Exhibition
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India''s JSW Group will construct a steel mill dedicated to exports to the European Union (EU), adhering to itsCarbon Border Adjustment Mechanism (CBAM) mandate, JSW Group chairman Sajan Jindal said in astatement on Wednesday, April 16.
The plant will be located at Salav in Raigad, Maharashtra, and operate under jSW Steel Limited''s wholly-ownedsubsidiary JSW Green Steel, he said.
*The brownfield steel mil will have a capacity of 10 milion mt per year and an investment to tune of $5.8-7.0billion would be riding on the project," Jindal said.
JSW Green Steel was incorporated in February last year to set up a 4 milion mt per year integrated green steelplant as part of the steel major''s plan to reduce its carbon footprint.
The EU''s CBAM rules have been operational since 2023, though the full financial implications wil come intoeffect from january 1, 2026. Under the CBAM, the EU wil impose carbon-related tariffs on imports of carbon-intensive goods, including steel, cement and fertilisers.
The steel produced at jSW''s dedicated green steel plant will have one-fifth the carbon intensity of indian steelcurrently, Jindal said.
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