This Indian firm is now world's most valuable steel company
What's the story
JSW Steel Ltd. has dethroned industry behemoths Arcelor Mittal and Nippon Steel to become the world's most valuable steel company by market capitalization.
The company's shares have gained 18% in 2025, propelling its market capitalization significantly.
Currently, JSW Steel's stock is among the top gainers on the Nifty 50 index this year.
Market dominance
JSW Steel's market cap surpasses Indian peers
JSW Steel's market cap has hit ₹2.6 lakh crore, overtaking its Indian rivals like Tata Steel (₹1.95 lakh crore) and others.
The massive jump in market cap cements JSW Steel's position as a global steel leader.
The company's stock performance has drawn positive attention from several brokerage firms, including Investec which has assigned it a "buy" rating with a price target of ₹1,100 per share. Today, it closed at ₹1,059.8 after declining 0.15%.
Strategic goals
JSW Steel's operational focus and market strategies
JSW Steel hopes to make sure value-added products make up 50%-60% of their entire mix.
The company is also looking at operational efficiencies by locking in raw materials in iron ore and coking coal.
Though inorganic growth is a possibility, it will depend on synergies and the balance sheet's health.
It is targeting 51 MT capacity by 2030 for which the firm has already laid out a plan to get to 43 MT by 2027.