JSW Steel

JSW Steel will develop Minas de RevuboA coking coal mine in Mozambique in phases, a company statement said. Located in the Moatize coal basin of the Tete Province, Minas de RevuboA has 850 million tonne (MT) of reserves, and the potential to yield 250 MT of usable coking coal. JSW Steel said it will develop the mine in phases, with the first phase expected to be developed over the next 2.5 years to produce 2.4 million tonne per annum (MTPA) prime hard coking coal. The project is a step towards JSW Steel's backward integration strategy and is expected to provide long-term supply assurance for one of the most critical and cost-intensive inputs in steel manufacturing. India's domestic premium coking coal resources remain limited, making captive overseas sourcing a strategic imperative. "As we grow to 50 MTPA steel capacity in India by 2030, we hope that this asset will provide strategic and diversified raw material security and cushion JSW Steel against volatile global coking coal ..

JSW Steel said that the production decline was due to the shutdown of Blast Furnace 3 at the Vijayanagar plant for a capacity upgrade, while output growth excluding the unit rose about 8 per cent

Among sector players, Nomura has maintained Buy recommendations on Tata Steel with a target price of ₹220 per share, JSW Steel at ₹1,340, Jindal Steel at ₹1,280, and Lloyds Metals & Energy at ₹1,600

Metal shares declined on Wednesday, following weakness in global markets and a broad-based risk-off sentiment triggered by escalating geopolitical tensions in West Asia

The policy support, safeguard measures, and the likelihood of regulatory adjustments are improving industry visibility, say analysts.

Thus far in CY26, the Nifty Metal has been the best performing sectoral index that moved up around 10 per cent, ACE Equity data shows. In comparison, the Nifty 50 index lost nearly 1 per cent

India's steel consumption to grow by 8 per cent- 9 per cent in the next few years, aided by strong demand from the infrastructure, construction and manufacturing sectors, believe analysts.

On the bourses JSW Steel share price rallied up to 4.01 per cent to an intraday high of ₹1,216.30 per share, nearing its 52-week high of ₹1,223.75.

JSW Steel bets on India's demand story, plans over ₹2 trillion capex and 56 mt capacity by FY31 amid global trade barriers and price volatility

JSW Steel's Q3FY26 net profit jumped nearly three-fold to ₹2,139 crore, driven by a one-time tax gain from the Bhushan Power-JFE Steel joint venture

India's antitrust watchdog found Tata Steel, JSW, SAIL and RINL shared price plans and coordinated output cuts, pointing to cartel-like behaviour

JSW Steel's Q3 crude steel production stood at 7.48 million tonnes, while saleable steel sales hit a record quarterly high of 7.64 million tonnes

Q3FY26 company results: Firms including IndusInd Bank, Adani Green Energy, Godrej Consumer Products, India Cements, and JSW Energy are also to release their October-December earnings reports today

Stocks to watch today, January 23, 2026: Tanla Platforms, GSPL, Sona BLW, Adani Gas and India Cements are among other top stocks to track today.

India's steel sector is set to outperform globally, driven by strong domestic demand, safeguard duties and capacity expansion. Motilal Oswal picks JSW Steel, Tata Steel

JSW Steel on Friday posted a 6 per cent year-on-year rise in consolidated steel output to 7.48 million tonne (MT) in the December quarter. It had produced 7.03 million tonne (MT) crude steel in the October-December period of the preceding 2024-25 fiscal year from India and the US operations, JSW Steel said in an exchange filing. Blast Furnace 3 (BF3) at Vijayanagar is under shutdown for upgrade of capacity from end of September 2025 and is expected to be commissioned by end of Q4 FY26. Consequently, this affected the capacity utilisation at Indian operations for Q3, FY26. The capacity utilisation for Indian operations for the quarter, excluding blast furnace (BF3) capacity, was at 93 per cent and including BF3 capacity was at 85 per cent.

CCI has sought financial statements to calculate penalties

The CCI probe into the steel industry began in 2021 after builders alleged nine firms colluded to restrict steel supply and hike prices in a criminal case

Steel stocks in focus amid reports that the government has notified the much-awaited Anti-dumping duty/safeguard duty on flat steel imports for a period of 3 years.

Decisive close below 50 DEMA would result into positional bullish trend violation in Nifty. On the upside, a level above 26,100-26,150 band would bring back the bullish momentum in the Nifty