JSW Steel

The company predicts steel demand growth of 7-8% in the 2023/2024 financial year

The projects are expected to be completed in the 2025/2026 financial year

In the 4th quarter of the 2022-2023 financial year, the production of unrefined steel increased by 12% y/y

The company recently acquired a coking coal deposit in the Indian state of Jharkhand, the reserves of which are estimated at 1 billion tons

The decision is due to rising prices for raw materials and declining demand for steel in the EU and China

JSW plans to reduce CO2 emissions intensity by 42% by 2030 compared to 2005 base year

The company plans to reduce greenhouse gas emissions by 42% by 2023

Domestic steel prices in India fell by more than 20% after the imposition of the duty

Investments in various initiatives to reduce emissions will amount to more than $1 billion