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REAL REASON why JSW Steel's cost of production is lower than Tata Steel!
Автор: Jayant Mundhra
Загружено: 2024-11-09
Просмотров: 39435
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Did you know, that JSW Steel’s cost of production is lower than Tata Steel’s.
And this is because of a deal it signed Japan’s JFE Steel signed 15 years ago.
JFE was the world’s 5th largest steelmaker at that time and was technologically way ahead.
And JSW Steel got the Japanese giant to invest one billion dollars into it against shares.
In return, the Japanese company also shared its low-cost steel-making technology called Corex.
And that changed the game for JSW Steel.
Did you know this?
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