Ideas for Profit | JSW Steel: Valuation reasonable; global outlook remains key monitorable

While India is becoming the second largest steel producer in the world, JSW Steel emerged as the fasted growing company and gained the title of the largest steel producer. From a meagre 2.6 million tonne of quarterly run rate of steel production about three year back, the company is producing close to 4 million tonne of steel quarterly leaving behind its close competitors like Steel Authority of India (SAIL) and Tata Steel. During the quarter-ended December 2018, market share rose 80 basis points (100 bps=1 percentage point) to 13.7% in the domestic market.