JSW Steel Becomes World’s Most Valuable Steelmaker at $30.31 Bn
Why in the news
Bloomberg data show JSW Steel now leads the world’s steelmakers in market value, ahead of ArcelorMittal and Nucor.
Leading five by market value
| Company (country) | Market cap ($ bn) |
|---|---|
| JSW Steel (India) | 30.31 |
| Nucor (US) | 29.40 |
| ArcelorMittal (Luxembourg) | 27.14 |
| Nippon Steel (Japan) | 24.43 |
| Tata Steel (India) | 23.09 |
Key points
- ArcelorMittal still leads on trailing revenue: $62.4 billion against JSW’s $21.1 billion.
- JSW’s richer P/E (28.5x vs 20.3x) points to investor confidence in its growth.
- Tata Steel, founded in 1907, ranks fifth.
Industry trend
- Indian mills are resisting cheap imports and adding capacity; safeguard measures are being assessed for more investment.
Exam angle
- Sajjan Jindal heads JSW Steel; two Indian firms are in the global top five.