A Good Q2 For JSW Steel | Domestic Demand Is Holding Up Well, Says Company | CNBC TV18
CNBC-TV18 · 26 Oct 2026 · 9 min
Management interview of JSW Steel Ltd (JSWSTEEL), with 8 key numbers discussed.
- Jayant Acharya, Joint MD & CEO, JSW Steel
JSW Steel expects Q3 EBITDA margins to improve slightly over Q2 as recent steel price increases offset an estimated $25 per tonne increase in coking coal costs. Overseas operations in the US and Italy are improving, with modernization projects in Ohio and Baytown driving additional second-half volumes. The company approved around Rs 300bn in capex projects during the quarter, bringing the total five- to six-year capex pipeline to Rs 1,480bn. Net debt has fallen to Rs 440bn, with net debt to EBITDA reaching a record low of 1.28x.