JSW Steel Achieves Global Leadership in Steel Industry

Under the leadership of Sajjan Jindal, JSW Steel has reached a historic milestone by becoming the world's most valuable steelmaker, boasting a market capitalization exceeding $30 billion. This achievement highlights the company's dominant position in the global steel industry.

JSW Steel has outperformed US-based Nucor Corp, which previously held the title with a market capitalization of $29.92 billion. Other major players in the industry, including ArcelorMittal, Nippon Steel Corp, and Baoshan Iron, trail behind with valuations between $21 billion and $27 billion.

Stock Performance and Industry Trends

The company's stock reached a peak of Rs 1,074.15 on the BSE, marking an 11% increase over the past month and a 4% rise within a week. This surge is part of a broader upward trend among Indian steel manufacturers, fueled by government recommendations to protect domestic producers from low-cost steel imports.

Analyst Insights and Comparative Valuations

According to Investec analyst Ritesh Shah, JSW Steel is the preferred choice in the ferrous sector, praised for its consistent growth and strong EBITDA trajectory. Compared to its Indian counterparts, JSW Steel stands out with superior valuation metrics. Tata Steel, the second most valuable steel enterprise in India, has a market capitalization of approximately $23 billion, while Jindal Steel and SAIL are valued at $10.81 billion and $5.5 billion, respectively.