Predatory imports from China and ASEAN are biggest concern: Acharya
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Jayant Acharya, JSW Steel Joint Managing Director and CEO
The country’s largest steelmaker by domestic capacity, JSW Steel, reported a 63.9 percent year-on-year decline in consolidated net profit to Rs 845 crore in Q1FY25. In an audio interview, JSW Steel joint managing director and chief executive officer Jayant Acharya Ishita Ayan Dutt talks about the positive aspects of running the business, even though cheap imports played a role. Edited fragments:
Commodity prices had fallen and yet JSW posted a sharp decline in net profit. What led to the poor performance?
Actually, the performance from an operational point of view is not weak. We had very
First print: Jul 21, 2024 | 3:35 PM IST