Indian steelmaker JSW Steel has become the world's most valuable steel company, leaving global steel giants behind. With a market capitalization of USD 30.31 billion, the company outperformed its competitors from USD 91 million to USD 3 billion.
JSW Steel operates international operations in the US and Italy, as well as integrated steel plants in India, including Vijayanagar, Dolvi and Salem. The company's current steelmaking capacity stands at 35.7 million metric tons (MT), but it plans to increase this capacity to 43.5 million MT by the end of fiscal 2028 and 51.5 million MT by 2031.
Motilal Oswal analysts believe that this expansion strategy strongly positions JSW Steel for high growth and production volumes in the long term.
Parth Jindal, chairman of JSW Group, celebrated this achievement in a post on X, saying, “We are proud to announce that JSW Steel has become the world's largest steel company by market capitalization. Thanks to the hard work of the entire @TheJSWGroup family, we have achieved this success and will continue to build on it.”
Founded in 1982, JSW Steel has seen significant growth with an integrated steel plant at Toranagallu in Karnataka and operations in sectors ranging from automotive to construction. The company's rise has been in line with India's steel production increasing by 3.5% to 37.38 million tons in Q3 FY2025. Steel consumption increased by 6.8% to 38.46 million tons in the same period. Steel consumption is projected to grow by 10% y/y in FY2025 as government capital spending boosts demand. This further reinforces JSW Steel's strong position in the market.
Comments
No comment yet.