JSW Steel Ltd (JSWSTEEL)

JSW Steel in Talks with Govt on Trade Measures Against Rising Imports - 23 Jul, 2024

JSW Steel is in talks with the Indian government to combat rising steel imports from China and Vietnam. ICICI Securities recommends a buy rating for JSW Steel with a target price of Rs 1,140 due to improved sales volume and blended realization. JSW One Platforms crosses US $1 billion in gross merchandise value for FY24.

JSW Steel Misses Earnings Estimates in Q1 FY25 - 22 Jul, 2024

JSW Steel reports a decline in Q1FY25 profits, missing analyst expectations. The company aims to focus on improved product mix while targeting a 50% market share in the coated segment. Citi has maintained a sell call on the stock with a reduced target price of Rs 650.

JSW Steel Reports Mixed Q1 Results Amid Low-Cost Imports - 21 Jul, 2024

JSW Steel reported mixed Q1 results with revenue beating expectations, but EPS falling short and a significant drop in consolidated net profit due to low-cost steel imports hurting profitability. The company is seeking restrictions on predatorily priced steel imports.

JSW Steel Reports Decline in Q1FY25 Net Profit - 20 Jul, 2024

JSW Steel's Q1FY25 net profit declined by over 64% YoY to Rs 867 crore due to lower steel prices, inventory losses, and higher interest costs. The company's Q1FY25 revenue increased by 1.73%, but net profit declined by 63.86% YoY.

JSW Steel Reports Decline in Q1 Net Profit Amidst Competition from China - 19 Jul, 2024

JSW Steel reported a significant drop in its Q1FY25 net profit due to weaker realizations in export markets and strong competition from Chinese steel. The company also approved the transfer of its Slurry Pipe Line undertaking and entered into a long-term take-or-pay agreement with JSW Infrastructure worth Rs 1,324 crore per annum.

JSW Steel Faces Decline in Net Profit as Sale Process for O2 Power Begins - 16 Jul, 2024

JSW Steel is expected to report a decline in net profit of 50.2% YoY for Q1, while Macquarie Group, JSW Group, and Actis have signed NDAs to buy O2 Power.

JSW Steel's Kinshuk Roy Believes Steel Can Be Modified for Lightweighting - 14 Jul, 2024

Kinshuk Roy, EVP at JSW Steel, believes steel can be modified to retain strength while reducing thickness. This allows manufacturers to achieve weight savings without compromising structural integrity, enhancing driving dynamics and extending vehicle range.

JSW Group Partners for Smart Grid Tech Center; Kotak Analysts Prefer JSW Steel Over Competitors - 12 Jul, 2024

JSW Group has partnered with MS Ramaiah Institute of Technology and Sharika Smartec to establish a smart grid technology center in Bengaluru. Meanwhile, Kotak analysts recommend investing in Jindal Steel and Power and JSW Steel over competitors due to expected subdued steel margins in the first half of FY25.

JSW Group Collaborates with MSRIT and Sharika Smartec for Smart Grid Technologies - 11 Jul, 2024

JSW Group has signed an MoU with MS Ramaiah Institute of Technology (MSRIT) and Sharika Smartec to establish the JSW Center of Excellence for Smart Grid technologies at the MSRIT campus in Bengaluru. The collaboration aims to convert conventional power systems into flexible ones through innovative solutions, with financial grants from JSW Group and knowledge support from Sharika Smartec.

JSW Steel's Crude Steel Production Falls in Q1FY25 - 10 Jul, 2024

JSW Steel reported a 1% YoY decline and 6% QoQ decrease in consolidated crude steel production for Q1FY25 due to planned maintenance shutdowns. Despite this, the company maintained an 87% capacity utilisation rate at its Indian operations.

JSW Steel Reports Lower Crude Steel Production in Q1 FY25 - 09 Jul, 2024

JSW Steel reported a marginal decline in crude steel production figures for Q1 FY25 due to planned maintenance shutdowns. The company maintained robust capacity utilisation at Indian operations. Jayant Acharya, CEO of JSW Steel, expects government focus on infrastructure spending. JSW Steel plans to invest $1 billion to cut carbon emissions. Ex/record date for JSW Steel final dividend for fiscal 2024 is July 9.

JSW Steel Plans Carbon-Neutral Future with Investment - 08 Jul, 2024

JSW Steel is set to invest $1 billion across its operations to reduce carbon emissions and become net neutral on emissions by 2050. The company aims to cut emissions to 1.95 tonnes of CO2 for every tonne of steel produced by 2030 and achieve net neutrality using green hydrogen and carbon capture, utilization, and storage. Additionally, JSW Steel will receive a shipment of 30,000 metric tons of coking coal from Mongolia.

JSW Steel Declares Final Dividend, CEO Speaks at Summit - 06 Jul, 2024

JSW Steel announces a final dividend of Rs. 7.3 per equity share and participates in the ISA Steel InfraBuild Summit to discuss steel construction practices and advancements.

JSW Steel Pilots Cloud-Based Tech for Blast Furnace Operations - 01 Jul, 2024

JSW Steel partners with JFE Steel to commence a pilot demonstration of cloud-based Cyber-Physical System technology for blast furnace operations. Indian steel players can reduce reliance on Western coal suppliers by leveraging Russia's new trade route via Iran.

JSW Steel Invests in Ports Sector, Receives Approval for Amalgamation Scheme - 28 Jun, 2024

JSW Steel plans to invest Rs 7,000 crore in the ports sector over the next three years. The company has received approval from NCLT for the amalgamation scheme of its four units and has acquired Piombino Steel Limited and Makler. JSW Steel is also set to merge with Southern Iron and Steel Company Ltd (SISCOL). However, the company is not willing to pay an excessive premium for the recently won iron ore mines in Odisha.

JSW Steel Targets Expansion with New Plant and Inorganic Growth Opportunities - 27 Jun, 2024

JSW Steel is seeking permission to acquire land for a new mega steel plant and is targeting a 50 MTPA production capacity by 2030. The JSW Group is also exploring inorganic growth opportunities in the cement sector.

JSW Steel Invests in US and Renewable Energy Projects - 26 Jun, 2024

JSW Steel's subsidiary, JSW Steel USA, plans to invest $110 million in the modernization of its steel plate mill in Baytown, Texas. The company will also produce high-quality monopile steel plates for offshore wind energy projects. MOFSL has picked JSW Steel as one of five stocks with a target price of Rs 1,070 each.

JSW Steel Invests in Sustainable Technology - 25 Jun, 2024

JSW Steel USA, a subsidiary of JSW Steel Ltd., is set to invest $110 million in modernizing its steel plate mill at Baytown, Texas. The investment will enable the production of high-quality monopile steel plates that align with Buy America requirements and support the US administration's goal to expand offshore wind energy. ICICI Securities maintains a positive outlook on the ferrous metals sector, with JSPL and JSW Steel as top picks.