India's third-largest steelmaker, JSW Steel Ltd., has announced that it will postpone the expansion of its pipe manufacturing mill in Texas.
Citing a drop in pipe demand from the oil sector, Mumbai-based JSW will put on hold its previously announced plan to double annual pipe output at the Texas mill to match its plate output of 1 million metric tons.
JSW executives say that they will reevaluate the expansion plan when demand improves.
The Texas mill was the company's first US acquisition.