InvestorQ : How has been the demand scenario for JSW Steel in the Dec-20 quarter?
Archita Jajjoo made post

How has been the demand scenario for JSW Steel in the Dec-20 quarter?

Answer
image
Niti Shenoi answered.
4 months ago
Follow

During the Dec-20 quarter, JSW Steel saw boost in demand for value-added products and specialty steel. That is because most industrial component manufacturers are looking to replace their reliance on Chinese imports after the pandemic badly hit their supply chains. Demand for specialised grades comes from auto ancillary, bearings and forging industry.

JSW Confirmed that scores of Indian companies were asking for special steel because they want Chinese imports discouraged and they want to keep the supply channels domestic to the extent possible. Some of the new grades approved by JSW Steel include special forging alloy steel grade and ultra-low carbon and bake-hardened steel for auto.

JSW Steel was successful in dramatically turning around its steel production as well as its financial performance in the Dec-20 quarter. The company touched 91% capacity utilisation in the Dec-20 quarter; the highest in recent times. JSW has focused on special and branded steels since the margins on them are 30% higher than HRCs.

2 Views