JSW Steel appoints Robert Simon as CEO for US operations

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.