JSW Steel: JSW Steel weathers slump, set for rebound gains

Shares of the top four steel companies have recovered up 10-15% from their November lows and JSW Steel has been an outperformer in the past few months.

Synopsis

In the December quarter, JSW Steel reported lower margins from lower steel prices, but this was partially offset by higher volume contribution from the commissioning of its 5 million tonnes per annum (MTPA) Dolvi plant in Maharashtra, full benefits of which will be seen only in the coming quarters.

ET Intelligence Group: JSW Steel should not only sail through the temporary rough phase for the industry but also gain from a revival in demand, early signs of which are already visible.

In the December quarter, JSW Steel reported lower margins from lower steel prices, but this was partially offset by higher volume contribution from the commissioning of its 5 million tonnes per annum (MTPA) Dolvi plant in Maharashtra, full benefits of which

BY

ET Bureau

4 mins read, Last Updated:

Jan 24, 2022, 06:40 AM IST

• GIFT ARTICLE
• FONT SIZE

  AbcSmall

  AbcMedium

  AbcLarge

• SAVE
• PRINT
• COMMENT

Already an ET Prime Member? Sign In now

Continue reading with one of these options:

Limited Access

Free

Login to get access to some exclusive stories
& personalised newsletters

Login Now

Unlimited Access

Starting @ Rs120/month

Get access to exclusive stories, expert opinions &
in-depth stock reports

Subscribe Now

Sign in to read the full article

You’ve got this Prime Story as a Free Gift

Choose Payment Mode & Plan

–

–

–

Subscribe Now

(Credit card mandatory)

You can cancel your subscription anytime

–

–

–

Subscribe Now

(Pay Using Netbanking/UPI/Debit Card)

Netbanking, Credit & Debit Card

Subscribe with Google

₹399/month

Monthly
PLAN

Billed Amount ₹399

₹399

₹208/month

(Save 49%)

Yearly
PLAN

Billed Amount ₹2,499

15
Days Trial
+Includes DocuBay and TimesPrime Membership.

₹399

₹150/month

(Save 63%)

2-Year
PLAN

Billed Amount ₹3,599

15
Days Trial
+Includes DocuBay and TimesPrime Membership.

Subscribe NowSubscribe with

Get ET Prime for just ₹2499 ₹1749/yr

Subscribe Now

Already a Member? Sign In now

Great New Year Sale

GET FLAT 30% OFF

On ET Prime & stay ahead of the rest in 2022

Get Offer

Why ?

• Exclusive Economic Times Stories, Editorials & Expert opinion across 20+ sectors

• 

  Stock analysis. Market Research. Industry Trends on 4000+ Stocks

• Clean experience with
  Minimal Ads

• 

  Comment & Engage with ET Prime community

• Exclusive invites to Virtual Events with Industry Leaders

• 

  A trusted team of Journalists & Analysts who can best filter signal from noise