Business · 2026-10-23 · Afternoon briefing
JFE Steel to double capacity at Indian joint venture
Japan's JFE Steel announced on Thursday a plan to build a new blast furnace at a steel plant it operates jointly with its Indian partner, JSW Steel. The construction of the new furnace is designed to achieve a single, ambitious goal: doubling the facility's current crude steel production capacity. This represents a significant new capital investment into the partnership's Indian operations, deepening the collaboration between the two steelmakers.
While the project signals a clear commitment to the joint venture, crucial financial and logistical details were absent from the announcement. JFE Steel did not specify the expected investment required for the new furnace, nor did it provide a timeline for the project's construction and eventual completion. The specific location of the jointly-operated plant was also omitted from the statement.
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- Japan's JFE Steel to build huge blast furnace in India with local partner
- India billionaire family’s JSW Steel sets up $3.4 billion JV with Japan’s JFE
- Indian Billionaire Savitri Jindal’s JSW Steel Sets Up $3.4 Billion JV With Japan’s JFE
- ArcelorMittal to double renewable energy capacity in India with three new projects
- India aiming to cut steel emissions by 25%, double capacity, document shows
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