The former Biden administration extended the deadline for the two companies to abandon their merger plan to June 18, following a request from Nippon Steel.
The RFCS aims to contribute to decarbonization of the steel industry and circular economy practices as well as to the just transition of the coal industry and coal mining regions.
Odisha Chief Minister Mohan Majhi had announced a joint venture between Posco and JSW to build a 5 million tons per annum (MTPA) steel plant in Keonjhar.