JSW Steel is the Indian partner of Japan s steel major JFE Holdings Inc
Japan s second-biggest steelmaker JFE Holdings Inc will study the feasibility of forming a joint venture with its Indian partner JSW Steel to make and sell electromagnetic steel sheet used in transformers, it said on Friday. Demand for electromagnetic steel sheet is expected to grow to reflect soaring demand for electric power in India, JFE President Koji Kakigi told a news conference about its new four-year business plan. We can dominate the Indian (electromagnetic steel) market by sharing our cutting-edge technology, he said, adding that they aim to make a final decision by next March.