Brazil prosecutors order Vale to shore up 18 mining dams after heavy rains

China crude steel production in 2021.

JSW Steel, as part of its next phase of growth, is targeting an overall capacity of 37.5 Mtpa from its current 28 mtpa in India & USA by FY25.

JSW Group has other business interests also in sectors such as energy, infrastructure, cement, paints, sports and venture capital.

Branded Products & Retail segment deliveries increased by around 14% yoy in 9MFY22 with 3QFY22 deliveries were higher by 2% qoq.

2021 saw a stronger than originally expected recovery in steel demand based on vaccination rates and government support measures.

Indian steelmakers witnessed record-high prices at the beginning of December last year as global commodity prices rallied following a rebound from the second wave of the pandemic.

Both parties are examining various options to cooperate and leverage the technical, financial, and operational strengths of each company.