Indian steelmaker JSW Steel has announced plans to invest US$500 million (€406 million) to upgrade an existing steelmaking plant and build another new one in the US state of Texas. The decision appears to be partially motivated by the Trump administration’s move to impose tariffs on steel imports, though other factors are also at play – cheap natural gas supplies and a surplus of scrap metal in the area. Electric arc furnaces will form the bases of the plants.