JSW Steel Share Price Rises for 3rd Straight Day on Strong Demand, Policy Tailwinds

JSW Steel Limited’s share price edged up 0.43% to ₹1,015.45 as of March 7, 2025, at 11:21 AM. The stock opened at ₹1,011, touching an intraday high of ₹1,020.40 and a low of ₹1,005.55. The volume-weighted average price (VWAP) stood at ₹1,015.46

Potential Safeguard Duty Could Drive Steel Prices Higher

The Indian Ministry of Steel is currently investigating the impact of rising imports on the domestic steel sector, with the inquiry launched in December 2024.

While the process may take up to 6 months, industry experts believe the government could introduce a provisional safeguard duty, similar to the one imposed in FY16. If implemented at 12%, the duty could push domestic steel prices up by ₹2,000-₹2,500 per tonne, as the cost of imported steel would rise by approximately ₹4,000 per tonne.

This could significantly boost Indian steelmakers’ EBITDA per tonne, improving their overall profitability, as per news reports.

Q3 FY25 Financial Highlights

JSW Steel reported a 70.3% year-on-year (YoY) drop in consolidated net profit, posting ₹717 crore for Q3 FY25, primarily due to lower steel prices. In comparison, the company had recorded ₹2,415 crore in profit during the same period last year and ₹439 crore in Q2 FY25.

Consolidated revenue stood at ₹41,378 crore, reflecting a 1.3% decline YoY from ₹41,940 crore. Both revenue and profit fell short of Bloomberg estimates by 1% and 3%, respectively.

JSW Steel achieved its highest-ever quarterly consolidated crude steel production, reaching 7.03 million tonnes (mt) in Q3 FY25, marking a 2% YoY and 4% QoQ increase.

Steel sales for the quarter stood at 6.71 mt, reflecting a 12% YoY and 10% QoQ rise. Exports from Indian operations accounted for 8% of total sales, up from 7% in Q2 FY25.

Conclusion

JSW Steel’s continued stock rally reflects strong market confidence, supported by robust demand, potential policy interventions, and record-high production figures. While the company faced profit declines due to lower steel prices, its operational resilience, growing sales, and strategic positioning in the industry remain positive indicators for future growth.

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