JSW Steel expects second-half volume to rise 8%-9%
In short
JSW Steel said its second-half volume should rise 8%-9%. It also expects margin pressure to ease thanks to larger blast furnaces, a better raw material mix and tighter cost control.
This is a better outlook for the steel maker’s earnings and sales. The reporting does not say how much profit may improve or what current volumes are.
What the reporting says
JSW Steel said it expects second-half volume to increase by 8%-9% and margin pressure to ease. The company attributed the outlook to efficiencies including larger blast furnaces, a better raw material mix and cost management. The immediate consequence is a stronger operating outlook for the Indian steel producer, but the reporting does not give the current base volume or margin level.
Why it matters
JSW Steel expects second-half volumes to rise 8%-9% and said margin pressure should ease as it benefits from larger blast furnaces, a better raw material mix and cost management. That points to improved operating performance for the Indian steel producer if the efficiencies come through. The reporting does not state current volumes, margins or whether the forecast covers domestic or export sales.