JSW Steel Corporate Presentation

Global Steel Crude Steel Production - Jan-June (mt) Steel Demand (mt) SW Steel China Steel Production and Export (mt) Jan-June CY21 Jan-June CY22 Jan-June CY23 -1.1% ■CY22 CY23F (Oct 22) CY23F (Apr 23) CY24F (Apr 23) China Crude Steel Production (LHS) 150 10 +2.3% Exports (RHS) 8 +1.3% -4.1% 100 565 529 536 1,010 954 944 2.0% +2.6% 1,782 1,815 1,822 1,854 6 50 50 444 426 408 921 914 939 939 861 901 883 915 China World ex-China World China World ex-China World 2 0 0 Jun-21 Dec-21 Jun-22 Dec-22 Jun-23 HRC Prices US$/t N.America ExW N.Europe ExW Black Sea FOB China FOB 2,300 1,900 1,500 1,100 700 Raw Material Prices (US$/t) Iron Ore 62% Fe HCC Premium LV FOB Aus. (RHS) HCC CFR China (RHS) 250 600 200 400 150 200 100 300 50 0 Jul-20 Jan-21 Jul-21 Jan-22 Jul-22 Jan-23 Jul-23 Jul-20 Jan-21 Jul-21 Jan-22 Jul-22 Jan-23 Jul-23 Steel and raw material prices have moderated and stabilized, supportive for demand JSW Steel Corporate Presentation: August 2023 Source: World Steel Association (WSA); Bloomberg, Platts 40 40

View entire presentation