Sajjan Jindal appointed chairman of World Steel Association
MUMBAI : World Steel Association (WSA) has elected Sajjan Jindal, Chairman and Managing Director of JSW Steel Ltd, as Chairman for the year 2021-22.
Jindal is the first representative from India to serve as Chairman of the WSA. JSW Steel is the flagship business of the diversified $13 billion JSW Group and engaged in the manufacturing of iron and steel products in India and across the globe.
Worldsteel 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.
Worldsteel members represent approximately 85% 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, Belgium.
Sajjan Jindal, Chairman and Managing Director, JSW Steel said, “The next few years look to be interesting for the global steel industry. Governments and policy makers have come to realize that in order to rebuild their economies, they need to increase their spending on infrastructure. As we contribute to the progress of society, we also need to build a better and cleaner future by working towards decarbonizing steel production. We, as an industry, have a responsibility to shape the future in a meaningful and impactful manner."
JSW Group’s flagship JSW Steel is India’s leading and one of the world’s most efficient integrated steelmakers. The company is executing expansion projects to reach a steelmaking capacity of 37.5 MTPA by FY2025, including 1.5 MTPA capacity in the USA and entities under joint control, from 18 MTPA as of FY2021.
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.