Ideas for Profit | JSW Steel: Valuation reasonable; global outlook remains key monitorable
By : Moneycontrol
Published On: 2019-02-07
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03:07
While India is becoming the second largest steel producer in the world, JSW Steel emerged as the fasted growing company and gained the title of the largest steel producer. From a meagre 2.6 million tonne of quarterly run rate of steel production about three year back, the company is producing close to 4 million tonne of steel quarterly leaving behind its close competitors like Steel Authority of India (SAIL) and Tata Steel. During the quarter-ended December 2018, market share rose 80 basis points (100 bps=1 percentage point) to 13.7% in the domestic market.
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