JSW Steel Ltd has emerged as the world’s most valuable steel company, surpassing industry giants like ArcelorMittal and Nucor Corp. The Indian steelmaker now holds a market capitalisation of $30.31 billion, outpacing its closest competitors by $91 million to $3 billion. As the flagship entity of the JSW Group, the company operates integrated steel plants in Vijayanagar, Dolvi, and Salem, along with international facilities in the United States and Italy. With a current steelmaking capacity of 35.7 million tonnes (MT), JSW Steel aims to expand to 43.5 MT by FY28 and 51.5 MT by FY31. Analysts at Motilal Oswal believe this aggressive expansion strategy will drive sustained growth and higher production volumes. Expressing his pride on social media, Parth Jindal stated, “Extremely proud to share that @jswsteel has become the largest steel company in the world in terms of market capitalisation—so proud of all the hard work put in by papa @sajjanjindal, Ma @SangitaSJindal, and the entire @TheJSWGroup family—we are humbled and will not stop at this.” JSW Steel’s stock has surged 18% in 2025, ranking among the top performers on the Nifty 50 index. The company also leads domestic competitors like Tata Steel. Brokerage firm Investec has maintained a “buy” rating on JSW Steel, setting a target price of ?1,100 per share, citing strong execution, a robust return ratio profile, and efficient leverage management. Founded in 1982, JSW Steel is a leading multinational steel producer headquartered in Mumbai. Its diverse product portfolio caters to industries such as automotive, construction, and consumer durables. The company has also been recognised for its strong workplace culture. India’s steel production rose by 3.5% to 37.38 million tonnes in Q3 FY25, while consumption grew by 6.8% to 38.46 million tonnes. Steel demand is expected to grow by 10% year-on-year in FY25, driven by increased government capital expenditure. (Financial Express)