JSW Steel's consolidated net profit for the April-June quarter nearly tripled year-on-year to Rs 2,209 crore, on the back of price support with the imposition of the safeguard duty, as well as improving costs, especially for coking coal and iron ore
JSW Steel, along with others, have undertaken price hikes over the past week. During the interaction, joint MD and CEO Jayant Acharya said that steel prices had become "irrationally low"
India turned net steel importer in the fiscal year that ended in March and the trend continues with its finished steel imports scaling a five-year high in April and May, according to provisional government data.
Jayant Acharya, Joint Managing Director and Chief Executive Officer for JSW Steel, discusses the company’s March-2023 quarter results, fund-raising plans, global and domestic steel demand outlook for FY24
JSW Steel Ltd has raised production at its Vijaynagar plant in southern Karnataka state to 50-60% of capacity from 30% last month, joint managing director Seshagiri Rao told reporters on Friday.