JSW Steel’s subsidiary, Periama Holdings, has acquired the remaining 10% stake in JSW Steel (USA) Inc., making JSW USA a wholly-owned subsidiary of Periama and a step-down wholly-owned subsidiary of JSW Steel. The move follows Green Suppliers and Services Pte Ltd’s decision to sell its 10% stake in JSW USA, as announced in October. The acquisition, valued at $1,000, aligns with JSW Steel’s strategic objectives and enhances its control over the US-based operations. JSW USA, located in Baytown, Texas, focuses on manufacturing steel plates, pipes, and coatings, with an annual production capacity of 1.2 million net tonnes for steel plates and 0.55 million net tonnes for pipes.