Page 16 - Jsw Steel

JSW Ispat Special Products Q3 consolidated net loss widens to Rs 97.98 cr

The company had posted a Rs 27.12 crore net loss in the year-ago period, according to a statement

JSW Steel's combined output in Q3 grows 17% to 6.24 MT, says report

JSW Steel on Monday said its combined crude steel production rose 17 per cent to 6.24 million tonne (MT) during October-December period of 2022-23. The combined production during the year-ago quarter was at 5.35 MT, JSW Steel said in a statement. "JSW Steel reported its group combined crude steel production at 6.24 million tonne for Q3 FY23 registering a growth of 17 per cent y-o-y (year-on-year), including the production at jointly controlled entities," it said. Its standalone output rose 20 per cent to 6.06 MT in Q3 from 5.05 MT in the year-ago period. According to the company, the combined production includes output of jointly controlled entities Bhushan Power & Steel Ltd (BPSL) and JSW Ispat Special Products Ltd (JISPL), and offshore entity JSW Steel USA Ohio. JSW Steel is among India's top six steel making companies.

Tata Steel, Hindalco: Golden Cross breakout can trigger bull-run in metals

The Nifty Metal index seems to be eyeing a new historic peak at 6,900-level; Thus, select stocks from this space could rally up to 15 per cent on their respective breakouts.

Export opportunities limited right now: JSW Steel's Seshagiri Rao

Withdrawal of export duty may not increase volumes will boost sentiment, he says

JSW Steel crude steel production grows 25% to 1.76 mn tonne in Oct 2022

JSW Steel on Friday posted 25 per cent rise in standalone crude steel production at 17.76 lakh tonne (LT) during October 2022. Its crude steel output was at 14.25 LT in October 2021, JSW Steel said in a statement. Production of flat rolled products rose 30 per cent to 13.61 LT from 10.45 LT in the same month last year. Long rolled products' output was at 3.70 LT, up 11 per cent as compared to the year-ago period. The capacity utilisation improved to 93 per cent last month from 89 per cent in September 2022.

JSW Steel expects exports to hit over 5-year low in FY23 on reduced demand

JSW Steel aims to produce 25 million tonnes of crude steel this year, up 28% from last year

Aftermath of Russia-Ukraine war dims the sheen on steel industry

But strong domestic demand and cooling raw material prices encourage manufacturers to stay the course on capex plans

Mining & metal companies see reversal of fortune in September quarter

Profits down 91% in Q2, driven by margin contraction because sales realisation did not keep pace with rise in expenses

Stocks to Watch: Wipro, Dalmia Bharat, JK Cement, HDFC, Rail Vikas Nigam

Stocks to Watch today: Wipro has launched a new financial services consulting capability in India named Capco

JSW Steel eyes 50 MT capacity by 2030 via greenfield, brownfield options

Jindal's growth plans are in sync with the country's target of doubling crude steel capacity to 300 mt of crude steel capacity in the next 9-10 years

Modi says India best for investments; JSW, Adani commit Rs 1 trn in K'taka

JSW, Adani commit to spend over Rs 1 trn each in Karnataka over 5-7 years

Stocks to watch: Maruti, SpiceJet, SBI Card, Indus Towers, Tata Chemicals

Stocks to watch today: Maruti Suzuki, Vedanta will report the July-September quarter (Q2FY23) results on Friday, October 28; SBI Card reported 52 per cent YoY jump in net profit Rs 526 crore in Q2FY23

JSW Steel: Lower costs, prices should boost margins in second half of FY23

Given fair value estimates of Rs 530 to Rs 610, investors need to be cautious about company

JSW Steel USA secures $182 mn financing for modernising plate mill

Capital arranged by Italian export credit agency, will be used for Indian company's facility in Texas

JSW Steel's 2 Indian subsidiaries expected to return to profit in Q3 FY23

Global macroeconomic challenges to shape turnaround of JSW Steel and Bhushan Power & Steel

Financial results in H2FY23 will be better than first half: JSW Steel's Rao

In a Q&A, the Jt MD and CFO of the company says the worst is over as higher volumes, better demand and lower raw material cost play out in the coming quarters

Don't see further price correction, says JSW Steel's Seshagiri Rao

Steel prices appear to have reached their bottom and are likely to go up from their current levels if supply adjustments globally are any indication in the sector, a top JSW Steel official said on Sunday. Steel prices fell around 40 per cent to Rs 55,000-57,000 a tonne in the domestic market. The prices had started falling from April-end. I don't foresee further downside in steel prices. Globally, there is a production cut of 62 million tonne. Moreover, 29 per cent of Chinese steel capacity is under bankruptcy. Global supply adjustments and higher Indian steel consumption will help keep prices firm, JSW Joint Managing Director and Group CFO Seshagiri Rao told PTI in an interview. Compared to 2021-22, domestic steel demand will be higher by nine million tonne to 115 million tonne by March this financial year, he said. The World Steel Association forecasts that demand for the metal will contract by 2.3 per cent in 2022 to reach 1,796.7 million tonne, after an increase by 2.8 per cen

JSW Steel logs Rs 848 crore loss in Sept quarter as steel prices fall

Led by an increase in volumes, the firm saw net sales increase by 28.9 per cent at Rs 41,122 crore

JSW Steel posts surprise quarterly loss of Rs 848 crore on price slump

JSW Steel on Friday reported a consolidated net loss of Rs 915 crore for the quarter ended September 30, 2022. The company had posted a consolidated net profit of Rs 7,179 crore for the year-ago period, JSW Steel said in a filing to BSE. However, income during the quarter increased to Rs 41,966 crore from Rs 33,449 crore.

Domestic steel prices inching up on rising cost, pick-up in demand

Currency depreciation of over 6% may have supported uptrend; industry players confident that prices have bottomed out