JSW Steel has appointed Robert Simon as the chief executive officer of the steelmaker's US unit.
Simon will lead the overall business, comprising slab, coil, pipe and plate production, and sales at Baytown and Mingo Junction, the company said in a statement on March 6. He will report to the respective boards of both the subsidiary companies of JSW Steel, the company said.
In the US, JSW Steel has a 1.5 MNTPA (million tonnes per annum) electric arc furnace-based steel-making capacity in Ohio, and downstream product facilities, including a 3-MNTPA hot-rolling mill in Ohio, a 1.2 MNTPA plate mill and a 0.55 MNTPA pipe mill capacity in Baytown, Texas.
In Q3, the mill in Texas produced 97,829 net tonnes of plates and 7,219 net tonnes of pipes reporting a capacity utilization of 40 percent and 5 percent respectively. Sales volume for the quarter stood at 86,985 net tonnes of plates and 5,532 net tonnes of pipes. It reported earnings before interest, taxes, depreciation, and amortization (EBITDA) of $18.67 million.
In 2022, Mark Bush stepped down from his role as Chief Executive Officer of JSW Steel USA to pursue other opportunities and Chief Operating Office Greg Manfredi took charge on an interim basis.
Prior to joining JSW USA, Simon consulted with several companies, including OmniTrax, in Denver, Colorado, and also served as the chief
executive officer for the newly formed Bayou Steel Group, according to the statement.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.