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World Steel Association elects JSW Steel's Sajjan Jindal as Chairman
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SME Times News Bureau | 13 Oct, 2021
The World Steel Association (WSA) on Wednesday said that it has elected
JSW Steel Chairman and Managing Director Sajjan Jindal as its
Chairmanfor the 2021-22 period.
With this, Jindal becomes the first representative from India to serve as Chairman of the WSA.
Jindal
addressed the board members of WSA thanking his predecessor Yu Yong for
his capable chairmanship over the last two years and noting the
challenges for the global industry going forward, particularly with
respect of climate change.
WSA acts as the focal point for the
steel industry, providing global leadership on all major strategic
issues impacting the industry, particularly focusing on economic,
environmental, and social sustainability.
Its members represent
approximately 85 per cent of the world's steel production, including
more than 160 steel producers, national and regional steel industry
associations and steel research institutes.
Established in 1967, it is one of the largest industry representations in the world, and is headquartered in Brussels.
Eengaged
in the manufacturing of iron and steel products in India and across the
globe, JSW Group's flagship JSW Steel is India's leading and one of the
world's most efficient integrated steel-makers. The company is
executing expansion projects to reach a steelmaking capacity of 37.5
MTPA by FY2025, including 1.5 MTPA capacity in the US and entities under
joint control, from 18 MTPA as of FY2021. The company has a goal of
reaching 45 MTPA steelmaking capacity by FY2030.
JSW Steel is
also investing in R&D for sustainable products and controlling
emissions, improving resource consumption, making processes efficient,
and ensuring multi-pronged digital focus, helping improve existing
practices. It has issued the global steel industry's first
sustainability-Linked US dollar bond in 2021, linked to its
decarbonisation target for 2030.
Established in 1982, the company
primarily produces hot-rolled and cold-rolled coils. It provides
colour-coated products, thermo-mechanically treated (TMT) bars, wire
rods, and special alloy steel products. These products are used in
automotive, general engineering, machinery, projects, and construction
applications. These products serve the domestic market, and are exported
to more than 100 countries.
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Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
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66.20
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64.50 |
UK Pound
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87.50
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84.65 |
Euro
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78.25
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75.65 |
Japanese
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58.85 |
56.85 |
As on 13 Aug, 2022 |
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