JSW Steel: JSW Steel weathers slump, set for rebound gains

BUSINESS
By Diane Ackerman
0

Shares of the top four steel companies have recovered up 10-15% from their November lows and JSW Steel has been an outperformer in the past few months.

Synopsis

In the December quarter, JSW Steel reported lower margins from lower steel prices, but this was partially offset by higher volume contribution from the commissioning of its 5 million tonnes per annum (MTPA) Dolvi plant in Maharashtra, full benefits of which will be seen only in the coming quarters.

ET Intelligence Group: JSW Steel should not only sail through the temporary rough phase for the industry but also gain from a revival in demand, early signs of which are already visible.

In the December quarter, JSW Steel reported lower margins from lower steel prices, but this was partially offset by higher volume contribution from the commissioning of its 5 million tonnes per annum (MTPA) Dolvi plant in Maharashtra, full benefits of which

BY

ET Bureau

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Diane Ackerman
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