Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

JSW Steel’s Italian subsidiary has completed the acquisition of 30.73pc of GSI Lucchini for €1mn, making JSW Steel Italy the sole owner of the Italian steelmaker.


The global steelmaker noted in an intimation filed to India’s stock exchanges on Tuesday that the acquisition of GSI, which is strategically located in the port city of Piombino, Tuscany, will benefit JSW’s lead times, servicing, and logistics costs. JSW Steel Italy will also have access to raw material imports like bars or billets to supplement its supplies by operating in this region. 


JSW Steel India produces and exports coated flat steel products, and it recorded a total crude steel production of 15.08mn mt in FY2021. 

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