Indian Steelmaker to Invest $500 Million in US, Resurrect 1929 Plant

Petr Svab
Petr Svab
reporter
|Updated:

A small town in Ohio will have new life breathed into it via a half-billion-dollar investment into an old steel-processing plant.

The American branch of Indian steel conglomerate JSW acquired the plant in the town of Mingo Junction and plans to revitalize it, after President Donald Trump’s tax cuts and steel tariffs made the investment competitive.

Petr Svab
Petr Svab
reporter
Petr Svab is a reporter covering New York. Previously, he covered national topics including politics, economy, education, and law enforcement.
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