Aug 09, 2022 10:19 AM IST

JSW’s crude steel production up 14% to 15.6 lakh tonne in July

The company, which recently trimmed its planned capex, has maintained production guidance at 25 million tonnes for the financial year 2022-23

JSW Steel outlays Rs 20,000 crore capex for FY23: CMD Sajjan Jindal

Out of Rs 48,700, Rs 20,000 crore capex (capital expenditure) is for the 2022-23 financial year

Steel players expect govt to withdraw export duty; to go ahead with capex plans

On May 21, the government hiked the duty on exports of iron ore by up to 50 per cent and for a few steel intermediaries to 15 per cent. It also waived customs duty on the import of some raw materials, including coking coal and ferronickel, used by the steel industry.

Metals, IT names continue to see pessimism and downgrades 

Falling prices and fear of recession in the US seem to be driving this sentiment

Hold JSW Steel; target of Rs 565: ICICI Direct

ICICI Direct recommended hold rating on JSW Steel with a target price of Rs 565 in its research report dated July 24, 2022.

Capex cut to not impact growth plans: JSW Steel’s joint MD

"We cannot expect normalcy in Q2 due to very high-cost inventory. But the low raw material prices would get reflected in Q3. Not only will margins get normalised by the time, even the export duty could have been reviewed by the government," Seshagiri Rao, Group CFO and Joint MD said.

Expect export duty rollback, margin normalisation by Q3FY23: JSW Steel MD

JSW Steel expects a rollback of export duty to take place by the third quarter of the financial year 2023

Watch | JSW Steel Joint MD and Group CFO Seshagiri Rao on export duty impact, falling rupee, and Q2 expectations

JSW Steel Q1 Results | Joint MD & Group CFO Seshagiri Rao speaks exclusively to Moneycontrol about what factors impacted the steel major's Q1 results, whether the imposition of export duty dented volumes and how has the falling rupee impacted the group's financials. He also talks about the JSW group's expansion plans and ambitious decarbonisation goals. Watch!

JSW Steel: Will off-take improve as incremental capacities come up?

Investors with interest in JSW Steel need to watch out for domestic steel demand trajectory

JSW Steel Consolidated June 2022 Net Sales at Rs 38,086.00 crore, up 31.78% Y-o-Y

JSW Steel Standalone June 2022 Net Sales at Rs 31,105.00 crore, up 19.82% Y-o-Y

JSW Steel cuts FY23 planned capex to Rs 15,000 crore from Rs 20,000 crore citing market conditions

The global economic outlook has weakened due to high inflation across most economies, with elevated energy and food prices affecting consumption, the steel maker said

JSW Steel undertakes various initiatives to reduce carbon footprint: Chairman Sajjan Jindal

According to the industrialist, his company has already earmarked a sum of Rs 10,000 crore to increase the use of renewable energy to replace thermal power and other green initiatives.

JSW Steel ropes in BCG to work on decarbonisation goals

According to a ministry document, the iron and steel industry globally accounts for around 8 per cent of total carbon dioxide (CO2) emissions on an annual basis, whereas in India, it contributes 12 per cent to the total CO2 emissions.

JSW Steel Q1 PAT may dip 67.1% YoY to Rs. 1,943.6 cr: Prabhudas Lilladher

Net Sales are expected to increase by 39.2 percent Y-o-Y (down 14.2 percent Q-o-Q) to Rs. 40,222.7 crore, according to Prabhudas Lilladher.

Tata Steel, JSW Steel, SAIL surge as government reconsiders export duty on steel products

Tata Steel, JSW Steel, Jindal Steel & Power and SAIL shares jumped after sources said a decision is yet to be taken on the exemption of export duty for certain steel products.

Steel companies singed by export levy

Tata Steel's steel sales fell by 20 percent sequentially in June quarter after exports suffered due to the levy

JSW Steel consolidated output rises 16% to 5.88 MT in April-June

In the same period last year, its production was at 5.07 MT, the company said in a statement.

JSW Steel to invest Rs 10,000 crore to replace thermal power, reduce carbon footprint

According to a Ministry of Steel document, globally, the iron and steel industry accounts for around 8 per cent of total carbon dioxide (CO2) emissions.

JSW Steel earmarks Rs 10,000cr for carbon emission reduction initiatives

The company also aims to reduce carbon emissions intensity by 42 percent by 2030, group chairman Sajjan Jindal said in the annual report.

JSW Steel crude steel production in May jumps 31%

The flagship company of the USD 22 billion JSW Group stated that production of flat-rolled products also expanded by 29 per cent to 12.84 lakh tonnes for the month compared to 9.99 lakh tonnes in the same month last fiscal.

Top 10 trading ideas from experts for next 3-4 weeks as bulls hold fort

Occurrence of a ‘Bullish Hammer’ on weekly scale near the confluence zone of a multi support area of its 200 week EMA reconfirm the strength of its ongoing channel support zone in Zensar Technologies. Trend strength indicator RSI too exhibits a positive crossover along with a likely trend break

Rail orders critical for JSW Steel's Italian biz survival: Official

The fate of JSW Steel's businesses in Italy largely depends on contracts from Italian railway authorities, failing which it will look at other alternatives, a top official said.

JSW Steel: Is it a good time to buy this steel major?

Investors need to watch out for volume off-take for JSW Steel

JSW Steel to maintain shipments to Europe without passing on cost of India's new export tax

India recently imposed an export tax of 15 percent on some steel products from zero, at a time the country's steelmakers were looking to make up for tepid local demand by increasing market share in Europe, where the Ukraine conflict has hit supplies.