JSW Steel Ltd. has emerged as the world’s most valuable steel company, surpassing industry giants like ArcelorMittal and Nucor Corp. The Indian steelmaker now boasts a market capitalisation of $30.31 billion, outpacing its closest competitors by $91 million to $3 billion.
As the flagship company of the JSW Group, it operates integrated steel plants in Vijayanagar, Dolvi, and Salem, alongside international operations in the United States and Italy. With a current steelmaking capacity of 35.7 million tonnes (MT), JSW Steel plans to expand to 43.5 MT by FY28 and 51.5 MT by FY31. Analysts at Motilal Oswal believe this aggressive expansion will fuel sustained long-term growth and increased production volumes.
Announcing the milestone on X, Parth Jindal expressed his pride, stating, “Extremely proud to share that @jswsteel has become the largest steel company in the world in terms of market capitalisation—so proud of all the hard work put in by papa @sajjanjindal, Ma @SangitaSJindal, and the entire @TheJSWGroup family—we are humbled and will not stop at this.”
Extremely proud to share that @jswsteel has become the largest steel company in the world in terms of market capitalisation – so proud of all the hard work put in by papa @sajjanjindal Ma @SangitaSJindal and the entire @TheJSWGroup family – we are humbled and will not stop at…
— Parth Jindal (@ParthJindal11) March 25, 2025
JSW Steel’s stock has surged 18% in 2025, ranking among the top performers on the Nifty 50 index. With a market cap of $30.31 billion, it also leads domestic rivals like Tata Steel.
Brokerage firm Investec has reiterated a “buy” rating on JSW Steel, setting a target price of ₹1,100 per share. The firm attributes this outlook to the company’s strong execution, return ratio profile, and efficient leverage management.
Over the years, JSW Steel has consistently expanded capacity while maintaining steady Earnings Before Interest, Tax, Depreciation, and Amortisation (EBITDA), ensuring attractive shareholder returns.
Company Overview
Founded in 1982, JSW Steel is a leading multinational steel producer and the flagship entity of the JSW Group. Headquartered in Mumbai, the company operates an integrated steel plant in Toranagallu, Karnataka, and has expanded its footprint across India and globally.
JSW Steel’s diverse product portfolio includes flat and long steel products, serving industries such as automotive, construction, and consumer durables. Beyond its manufacturing expertise, the company has earned recognition for its workplace culture.
India’s steel production increased by 3.5% to 37.38 million tonnes in Q3 FY25, while consumption rose 6.8% to 38.46 million tonnes. Steel consumption is expected to grow by 10% year-on-year in FY25, driven by a resurgence in government capital expenditure.