JSW Steel Said to Target Record Sales as India Demand Rises
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JSW Steel Ltd., India’s third largest steelmaker, is targeting record sales of the alloy this financial year as local demand for its wire rods, plates and pipes revives, people familiar with the plans said.
The company may market 13.5 million metric tons of steel in the year ending March 31, compared with about 12.2 million tons said to have been sold in the previous period, according to two people, who asked not to be identified as the information isn’t public. Most of the products will be supplied by JSW’s biggest factory in southern state of Karnataka and from one near Mumbai, they said.