JSW Steel CEO: India Fastest-Growing Market, Margins Set to Improve

• Jayant Acharya, JMD & CEO of JSW Steel, states India is the fastest-growing steel market due to robust infrastructure spending and trade protection.
• Government initiatives and fair trade measures have led to steel price recovery from multi-year lows, despite rising coking coal costs.
• JSW Steel expects improved realizations and margins from operating leverage, high capacity utilization, and value-added products.
• The company plans organic capacity expansion, enhanced international operations, and value realization from the JFE Steel joint venture for BPSL.
• Q3FY26 revenues were ₹45,991 crore, net profit ₹2,410 crore, with margins of 14.1%; coking coal costs expected to rise $15-20 this quarter.

Why It Matters: JSW Steel anticipates improved margins and continued growth in India's steel market, driven by strategic initiatives.