JSW Steel - Robust Domestic Demand, Increase In Capacity To Drive Growth: Motilal Oswal

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .Motilal Oswal Report.JSW Steel Ltd. is all set to capture the growing domestic steel demand amid rapid expansion in infrastructure and construction. We believe the company is adding capacity at a right time to capture the robust growth journey.  JSW Steel, a leading integrated steel manufacturer with strong iron ore linkages, ensures adequate raw material supply. With 13 active iron ore mines, the company has an aggregate reserve of over 1.3 billion tonne. Around 45% of the iron ore requirement is met by captive mines and JSW Steel is enhancing its mining capabilities to strengthen its operations in Odisha. JSW Steel offers a wide gamut of flat and long steel products with strong focus on value added products. The share of VAP stands at around 55% of the total volumes. With the removal of export duty on iron ore, pellet, and steel in Nov-22 and opening up of China and other European markets, prices of steel have started to increase since the start of Jan-23. Global steel prices are also on the up move, on the back of improved macros, and hence, we believe global players such as JSW Steel with its diversified product offerings is well placed to capture the domestic as well as international markets..Click on the attachment to read the full report:.Leadership Clarity Positive For Tech Mahindra; Awaiting Growth Turnaround: Motilal Oswal.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

JSW Steel - Robust Domestic Demand, Increase In Capacity To Drive Growth: Motilal Oswal

Capacity expansion on track to become a steel mammoth.

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