Latest news with #JSWSteel
Time of India
21 hours ago
- Business
- Time of India
JSW Steel Share Price Live Updates: JSW Steel's monthly performance update
03 Jun 2025 | 08:42:41 AM IST Stay up-to-date with the JSW Steel Stock Liveblog, your trusted source for real-time updates and thorough analysis of a prominent stock. Explore the latest details on JSW Steel, including: Last traded price 978.8, Market capitalization: 239361.03, Volume: 1790184, Price-to-earnings ratio 68.31, Earnings per share 14.33. Get a comprehensive understanding of JSW Steel with our coverage of both fundamental and technical indicators. Stay informed about breaking news that can have a significant impact on JSW Steel's performance. Our expert opinions and recommendations empower you to make well-informed investment choices. Trust the JSW Steel Stock Liveblog to keep you informed and equipped in the dynamic market landscape. The data points are updated as on 08:42:40 AM IST, 03 Jun 2025 Show more
Time of India
a day ago
- Business
- Time of India
New steel tariffs mixed bag for Indian companies making in US
Mumbai: While the US government's decision to double tariffs on steel and aluminium has led to renewed uncertainty, it is likely to be a mixed bag for domestic companies with a manufacturing presence in the US. The Donald Trump-led US government is set to double tariffs on the import of steel and aluminium to 50% from Wednesday. International media reports suggest that the move is aimed to protect workers in the US as the proposed takeover of US Steel by Nippon Steel could receive an approval soon. While most of the steel produced in India is consumed locally, higher tariffs in the US may lead to steel being dumped in other regions, including India, which could impact prices in the domestic market. JSW Steel , which has a steel manufacturing facility in Ohio in the US, saw its earnings before interest, tax, depreciation and amortization (EBITDA) loss narrow sequentially in the March quarter helped by an improvement in sales realisations. At its Plate and Pipe Mill in Texas, the company's EBITDA rose quarter-on-quarter, also helped by higher realisations. Both units also saw an improvement in their capacity utilisations in the March quarter compared to the December quarter, and the management was confident of the performance improving further. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch vàng CFDs với mức chênh lệch giá thấp nhất IC Markets Đăng ký "Volumes have picked up, the prices have improved, and we do expect that going into this year, we should see positive contributions from overseas, especially US," Swayam Saurabh, chief financial officer of JSW Steel, said on a call to analysts recently. The Ohio unit produced 810,000 tonnes of steel in fiscal 2025, accounting for around 3% of the total crude steel produced by the company. "The company will see a positive impact, but it will be very marginal, so not significant in the larger scheme of things," said an analyst, not wishing to be identified. The other company which could potentially benefit from these tariffs is Hindalco Industries , which has a US-based subsidiary Novelis, and manufacturing units in the region. Live Events While Novelis did see an improvement in its net income and adjusted EBITDA per tonne on a sequential basis in the March quarter, analysts said the company's guidance has seen a marginal shift. While the management indicated that they were confident of getting exemption on the import duties in February, in May, Novelis' CEO Steve Fisher said a 'neutral to positive' impact was expected considering certain trade deals between countries were bound to happen. "We think that there will be a USMCA 2.0," he told analysts in May. "As soon as we have some of those (deals), particularly the USMCA 2.0, we will be going in that direction. So, you have to take this negative impact as something for the time being," he said. The USMCA is a free trade agreement that came into effect in 2020 between the US, Mexico and Canada. After Trump came to power in January this year, steel and aluminium were one of the earliest to be subjected to tariffs. "This is more of a sentiment thing because, if you see, there was not much of an impact even the last time, as steel safeguard duties helped offset the impact," another analyst said. On Monday, shares of Hindalco Industries , Jindal Steel and Power, Vedanta, Tata Steel and JSW Steel ended up 0.4-1.5% lower on the NSE while the Nifty 50 ended 0.1% lower.
Business Upturn
2 days ago
- Business
- Business Upturn
Nifty 50 top losers today, June 2: Hero MotoCorp, HDFC Life, JSW Steel, Tech Mahindra, Bajaj Auto and more
By Aman Shukla Published on June 2, 2025, 15:41 IST On June 2, 2025, Indian equity markets ended on a flat and volatile note, with key benchmark indices struggling to find firm direction. The BSE Sensex closed marginally lower by 77.26 points or 0.09% at 81,373.75, while the Nifty 50 slipped 34.10 points or 0.14% to settle at 24,716.60. Several heavyweights from the Nifty 50 ended in negative territory. Among the biggest losers of the day were well-known names like Hero MotoCorp, HDFC Life and JSW Steel. Let's take a closer look at the top losers of the Nifty 50, according to Trendlyne. Nifty 50 top losers on June 2 Hero MotoCorp closed at ₹4221.00, down by 2.1%. HDFC Life Insurance ended at ₹765.00, marking a 1.5% drop. JSW Steel settled at ₹978.80, losing 1.5%. Tech Mahindra closed at ₹1551.00, down by 1.5%. Bajaj Auto ended at ₹8500.50, a decrease of 1.2%. Tata Steel closed at ₹159.10, falling 1.2%. Tata Motors finished at ₹711.60, down 1.1%. Grasim Industries ended the session at ₹2519.30, declining 1.0%. Wipro closed at ₹247.60, slipping 0.8%. Infosys also closed at ₹1551.00, down by 0.8%. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Bajaj AutoHDFC LifeHero MotocorpJSW SteelNifty 50Stock MarketTech Mahindra Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Time of India
2 days ago
- Business
- Time of India
India must brace for steel trade diversion, say industry leaders
India needs to be watchful of any increased risk of trade diversion into the country due to changing global tariffs, top steel industry executives said reacting to the tariff-related announcement by the US. Major steel players JSW Steel and AMNS India said there is a need to implement necessary trade measures proactively as every country is protecting their industry. US President Donald Trump on Friday told Pennsylvania steelworkers that he would double the tariff on steel imports to 50 per cent to protect their industry, a dramatic hike that could further increase prices for a metal used to make housing, autos and other goods. In a post later on his Truth Social platform, he said aluminum tariffs would also be doubled to 50 per cent, and both tariff hikes would go into effect Wednesday. "We need to implement necessary trade measures proactively and in time," told PTI. Sharing his views, the industry leader said there is likely to be increased risk of trade diversion into India due to changing global tariffs. India is vulnerable given its strong domestic demand. Ranjan Dhar, Director & Vice President, Sales and Marketing, AMNS India said,"We hope more protection will come for domestic industry. Every country is protecting their industry. India should also do that as long as India focuses on protecting its industry from low price imports." The industry need to be watchful on imports, there is no doubt about that, he said. Earlier, Tata Steel CEO T V Narendran had said not imposing the protection measures for a prolonged period of time can impact the industry's investment plans, and impact on cash flows can adversely impact capex decisions. In FY25, steel imports rose 9.2 per cent to 10.5 million tonne, while exports declined sharply by 27 per cent to 6.3 million tonne, resulting in India remaining a net importer for the second year in a row. The government introduced a 12 per cent provisional safeguard duty on flat products from April 21, 2025, to help ensure a level playing field for local producers. JSW Steel and AMNS India are among top 5 steel producing companies in India with an annual production capacity of around 35 million tonne (MT), and 9 MT, respectively. Tata Steel recently completed the phase II expansion project of 5 MT at Kalinganagar in Odisha, taking its overall capacity to 26.1 million tonne in the country.
Reuters
2 days ago
- Business
- Reuters
India's top miner tests local iron ore pricing; shift from global index, source says
NEW DELHI, June 2 (Reuters) - India's key iron ore producer NMDC ( opens new tab is testing a new pricing formula for its output to shield its profits from the volatilities reflected in global benchmarks, a source with direct knowledge of the matter told Reuters. State-run NMDC, which sells its output locally, currently releases monthly iron ore prices linked to inventories, international prices and domestic market dynamics. The company plans to launch the new formula after initial trials, the source said, declining to be identified as the plan is not public yet. "We are taking baby steps," the source added. The new formula will not link prices to any international index or exchange, the source said. With the launch of the new mechanism, NMDC will gradually move to a more frequent disclosure of iron ore prices, the source said, adding the intervals had not been finalised yet. "Going forward, we will try to do it more frequently so that there is no lag in whatever is happening in the market and our prices," the source said. The miner will also collect pricing information from different stockyards across cities, compared to the existing mechanism of gathering information from mines, the source said. NMDC did not respond to a Reuters email seeking comments. India's JSW Steel ( opens new tab, the country's biggest steelmaker by capacity, primarily sources its iron ore from NMDC. NMDC reported a fall in fourth-quarter profit, hurt by lower product prices. India is also in the process of overhauling the average sale price of iron ore to garner higher revenues for the government, as the mines ministry believes some miners try to depress prices artificially in order to pay lower royalties to the government.
