JSW Steel, Marubeni-Itochu in joint venture for processing centre

摘要

In November 2009, it entered into a strategic collaboration with Japan's second largest steel maker, JFE Steel Corp. The bedrock of this agreement was to collaborate in auto steel. In July 2010, JFE picked up a 14.99% stake in JSW Steel, further cementing this relationship. The group has a recent history of tying up with other companies for joint production. It has a joint venture with state-run Mysore Minerals Ltd for iron ore mining. Besides, it has set up a venture with the UK's Severfleld-Rowen Plc. to promote the use of steel in construction in 2008.