JSW Steel Forms Strategic Partnership with POSCO of South Korea to Develop Steel Manufacturing, Electric Vehicle Batteries, and Renewable Energy Projects

JSW Steel, an Indian steel giant, has formed a strategic partnership with South Korea’s POSCO (Pohang Iron and Steel Company) to collaborate on various business areas. As part of the partnership, the companies will jointly operate a 6 million tons per annum steel plant in India. Additionally, JSW Steel will supply automotive-grade steel to POSCO’s affiliates in South Korea and Europe. The duo will also work together in the development of electric vehicle (EV) batteries and renewable energy projects.