JSW Steel has reported a sharp rise in March-quarter profits, supported by higher steel prices and the advantage of low-cost inventory, as Joint MD and CEO Jayant Acharya reaffirmed the company’s target of scaling capacity to 80 million tonnes per annum by 2030. The ambition is underpinned by strategic joint ventures with two of the world’s largest steelmakers, JFE Steel of Japan and South Korea’s POSCO.
Acharya acknowledged that the ongoing West Asia conflict presents near-term headwinds, with potential pressure on demand and trade flows weighing on the sector’s short-term outlook. Despite the geopolitical uncertainty, the company remains committed to its long-term expansion trajectory, with the dual JV partnerships positioning JSW Steel to access advanced steelmaking technologies while consolidating its place among the world’s top-tier producers.
