Japanese steelmaker JFE invests $1 billion in India's JSW Steel

JFE Steel Corporation, following extensive deliberations with JSW Steel Limited since signing a strategic collaboration agreement on November 19, 2009, announced today that as the first concrete step of a new strategic alliance, they have signed agreements for JFE Steel to take an equity position in JSW Steel and to provide the Indian steelmaker with technical assistance. JFE Steel, through its partnership with JSW Steel, now expects to participate on a full scale in the emerging market of India.  

© 2009 Verlag Stahleisen GmbH