JSW

Importers finding gaps in India’s 12% steel safeguard duty: JSW Steel’s Jayant Acharya

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One of the workarounds is the misuse of the Advance Authorization Scheme, which allows duty-free imports of raw materials for export-linked production. Importers get 18 months to export the finished product to prevent paying the safeguard duty. Some non-automotive importers are using this scheme to buy cheaper steel from overseas and sell the finished goods … Read more

JSW Steel starts FY26 on a high but remains cautious

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Mumbai: JSW Steel Ltd reported better-than-expected profit for the June quarter, driven by higher production and sales volume as well as lower cost of coking coal, a key ingredient. The steelmaker’s first-quarter profit jumped to ₹2,209 crore from Rs.867 in the same quarter a year ago, according to the company’s exchange filings. A key reason … Read more