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Can this steel major continue to put up a brave face during challenging times?

May 27, 2020 / 04:53 PM IST
Can this steel major continue to put up a brave face during challenging times?

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

JSW Steel’s Q4 result was a mixed bag. However, the company is expecting to counter the domestic slowdown with more exports.Higher exports are planned in the first half of the current fiscal year due to lower domestic demand. JSW plans to export around 25-30percent in FY21 of the total sales volume as against 21percent in FY20. In the first quarter, export volumes are targeted to be 50percent higher YoY. We are of the view that the export market will turn very competitive going...

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