JSW Steel Corporate Presentation

Global Steel SW Steel China Steel Production and Export (mt) Crude Steel Production - Jan-Mar (mt) Steel Demand (mt) Jan-Mar CY21 Jan-Mar CY22 Jan-Mar CY23 -0.1% ■CY22 ■CY23F (Oct 22) CY23F (Apr 23) CY24F (Apr 23) 150 +2.3% China Crude Steel Production (LHS) ■Exports (RHS) 10 8 100 +6.1% -7.3% 493 275 247 262 460 459 2.0% +2.6% 1,782 1,815 1,822 1,854 6 4 50 218 213 198 921 914 939 939 861 901 883 915 2 0 0 China World ex-China World China World ex-China World Apr-21 Oct-21 Apr-22 Oct-22 Apr-23 Raw Material Prices (US$/t) Iron Ore 62% Fe HCC Premium LV FOB Aus. (RHS) HCC CFR China (RHS) N.America ExW HRC Prices US$/t N.Europe ExW Black Sea FOB China FOB 2,300 250 1,900 200 800 600 1,500 150 400 1,100 700 100 200 300 50 0 May-20 Nov-20 May-21 Nov-21 May-22 Nov-22 May-23 May-20 Nov-20 May-21 Nov-21 May-22 Nov-22 May-23 Global steel demand to see 40mt growth in CY23. Steel spreads were higher in Q4 FY23 on improved steel prices JSW Steel Corporate Presentation: May 2023 Source: World Steel Association (WSA); Bloomberg, Platts 42 42

View entire presentation