JSW Steel Corporate Presentation
Healthy Outlook Post A Volatile FY23
FY23
FY24
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External headwinds impacted H1;
healthy recovery in H2
High coking coal prices, sharp
decline in steel prices, and export
duties during May-Nov 2022
impacted H1 FY23 performance
Falling coking coal and other costs,
and strong domestic steel demand
growth led to recovery in H2
Rising global steel prices following
China re-opening and removal of
export duties supported strong
profitability in Q4 FY23
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Falling RM prices to support
spreads
Benefit of recent sharp decline in
coking coal prices to flow through
from Q2 onwards
India steel demand expected to
grow by 8-10mt
JSW Steel targets 10% sales growth
to 25mt in FY24 through expanded
capacities
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JSW Steel Corporate Presentation: May 2023
JSW Steel
Medium Term Outlook
Healthy demand drivers in India
Govt.'s infrastructure drive is
positive for steel sector
.
Improved manufacturing and
services spurring domestic
consumption
High capacity utilization and
deleveraged balance sheets of
Corporates and Banks provide scope
for private sector capex
Cooling inflation, pause in rate hikes
by RBI and expected recovery in
rural economy to further accelerate
investments and consumption
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