Dec 19, 2020
The Jefferson County Port Authority took a good step toward helping to restore jobs in the region Wednesday when it agreed to help JSW Steel finance improvement projects at the Mingo Junction facility.
Members of the port authority’s board approved a nonbinding reimbursement resolution which will allow it to be a conduit issuer for $42 million in bonds which will help cover the expenses of the work.
JSW, which bought the plant in 2018, is looking to modernize the facility’s electric arc furnace and make improvements to its caster line, moves which will allow it to be a competitive player in the steel industry.
Dec 19, 2020
The Jefferson County Port Authority took a good step toward helping to restore jobs in the region Wednesday when it agreed to help JSW Steel finance improvement projects at the Mingo Junction facility.
Members of the port authority’s board approved a nonbinding reimbursement resolution which will allow it to be a conduit issuer for $42 million in bonds which will help cover the expenses of the work.
JSW, which bought the plant in 2018, is looking to modernize the facility’s electric arc furnace and make improvements to its caster line, moves which will allow it be a competitive player in the steel industry.