JSW Steel Surges to Record as Highest Profit Beats Estimates

  • Company posts record production volumes in first quarter
  • Industry not out of the woods as China supply weighs: Jindal

JSW Steel Ltd.’s first-quarter profit surged to the highest on record, beating analysts’ estimates, after increased capacity at India’s second-largest producer of the alloy boosted volumes to an all-time high and costs fell. The shares advanced to the highest yet in Mumbai.

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