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JSW Steel Chief Seeks Long-Term Fix for Unfair Steel Imports
Sajjan Jindal, Chairman and Managing Director of JSW Steel, has urged the government to implement a long-term strategy to counter the surge of unfair steel imports into India. Highlighting rising global protectionism, Jindal warned that diverted steel—triggered by high U.S. tariffs—is creating a distorted playing field for domestic producers.
In his address to shareholders, Jindal welcomed the finance ministry's recent interim safeguard duty of 12% but emphasized the need for sustained trade remedies to ensure fair competition and healthy returns on investment. He noted that consistent profitability is key to expanding domestic manufacturing capacity without overburdening financials.
Despite market headwinds, JSW Steel is on track to scale its steel-making capacity from 34.2 million tonnes to 50 million tonnes by FY31. Jindal reaffirmed the company’s long-term vision, rooted in operational resilience and strategic growth.
JSW Steel’s Joint MD and CEO, Jayant Acharya, added that future volume gains will rely on cost efficiency and synergies from both brownfield and greenfield projects. As global trade flows shift, JSW aims to stay competitive by maximizing productivity and maintaining a strong financial foundation.
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