JSW Steel and POSCO have entered into a strategic joint venture to set up a 6 million tonnes per annum (MTPA) integrated steel plant in India, marking a major step toward strengthening the country’s steel manufacturing capabilities and industrial value chain. The collaboration reflects a shared commitment to India’s long-term economic growth and rising demand for high-quality steel across infrastructure, automotive, and manufacturing sectors. The partnership will combine POSCO’s advanced steelmaking technologies with JSW Steel’s strong track record in project execution and cost efficiency.
A JSW Steel spokesperson stated that the joint venture aligns with the company’s vision to expand its domestic footprint while enhancing technological capabilities. The initiative is expected to contribute significantly to India’s steel ecosystem by improving production efficiency and supporting downstream industries.
Lee Hee-geun, President of POSCO, said that the partnership will bring together POSCO’s innovative technologies and the JSW Group’s deep understanding of the Indian market. He noted that the collaboration is aimed at delivering long-term value while contributing to industrial development and economic growth in both India and South Korea.
JSW Steel, the flagship company of the diversified JSW Group, has evolved into India’s leading integrated steel producer over the past three decades. The company currently has a consolidated crude steel capacity of 35.9 MTPA, including 1.5 MTPA in the United States, with domestic capacity accounting for 34.4 MTPA. As part of its next phase of expansion, JSW Steel is targeting a consolidated capacity of 43.4 MTPA over the next three years. Its Vijayanagar facility in Karnataka remains the largest single-location steel plant in India, with a capacity of 17.5 MTPA.
POSCO Group is a leading industrial conglomerate headquartered in South Korea, with a strong global presence across steel, energy, construction, and advanced materials. Its steel division ranks among the world’s top producers, with an annual crude steel capacity of approximately 42 million tonnes. With integrated steelworks in Pohang and Gwangyang, POSCO operates extensive global production and distribution networks.
Recognized for its competitiveness, POSCO has consistently ranked first in the “World’s Most Competitive Steelmaker” assessment by World Steel Dynamics for 15 consecutive years. The company is also advancing next-generation technologies such as hydrogen-based steelmaking through its HyREX initiative and is working toward achieving net-zero carbon emissions by 2050.
