JSW Steel is likely to acquire British Steel
According to the information resource network, JSW Steel Group is considering the acquisition of British steel companies. According to people familiar with the matter, representatives of the British Steel Company have already contacted JSW. “JSW is considering this acquisition because the UK’s asking price is low and will not put pressure on its influence. At the same time, the possible deal will give JSW access to developed markets, "according to industry insiders.
JSW Steel has been actively expanding its overseas business for the past few years. In the United States, JSW allocated $1 billion to develop markets in Texas and Ohio; in Europe, JSW acquired Italy's Aferpi last year.
It is understood that the British Iron and Steel Company has factories in the United Kingdom, France, and the Netherlands, specializing in the production of construction steel. The collapse of the company has endangered the jobs of more than 5000 workers, and its executives and heads are trying to communicate with parties around the world, including steelmakers and private equity foundations.
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