JSW Steel well placed to weather inflation and downcycles
Synopsis
The recent rise in raw material prices and the risk of downcycle or correction in steel prices are unlikely to unsettle JSW Steel. Doubling of its capacity over the next two years, the rising contribution of value-added products and consistent reduction in the cost of production will help JSW Steel log earnings growth even in the downcycle.
ET Intelligence Group: The recent rise in raw material prices and the risk of downcycle or correction in steel prices are unlikely to unsettle JSW Steel.
Doubling of its capacity over the next two years, the rising contribution of value-added products and consistent reduction in the cost of production will help JSW Steel log earnings growth even in the downcycle.
Besides, it is the only steel company to see capacity expansion through FY24.
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