Ga onbeperkt met Magzter GOLD
Krijg onbeperkte toegang tot meer dan 9000 tijdschriften, kranten en Premium-verhalen voor slechts
JSW Steel becomes world's most valuable steelmaker
Business Standard
|March 26, 2025
JSW Steel, owned by Sajjan Jindal, has emerged as the world's most valuable steelmaker, boasting a market capitalisation (mcap) of nearly $30.31 billion, according to Bloomberg data.
The milestone sees the Indian major outpacing industry titans such as LN Mittal-owned ArcelorMittal, the world's biggest steelmaker, at $27.14 billion, and Nucor Corporation of the US at $29.4 billion.
While JSW Steel leads in mcap, ArcelorMittal remains appreciably ahead in revenue, reporting $62.4 billion over the past 12 months compared to JSW's $21.1 billion. The disparity in valuation metrics is striking: JSW Steel trades at a price-to-earnings ratio of 28.5x, markedly higher than ArcelorMittal's 20.3x.
Founded in 1907, Tata Steel, a subsidiary of Tata Sons, ranks fifth in mcap at $23 billion, according to Bloomberg data. The shift in rankings reflects the evolving dynamics of the global steel industry, where Indian producers are increasingly asserting their presence, industry experts say.
Dit verhaal komt uit de March 26, 2025-editie van Business Standard.
Abonneer u op Magzter GOLD voor toegang tot duizenden zorgvuldig samengestelde premiumverhalen en meer dan 9000 tijdschriften en kranten.
Bent u al abonnee? Aanmelden
MEER VERHALEN VAN Business Standard
Business Standard
Andhra corners 25.3% of FY26 investments
Fresh outlay plans up 11.5% at ₹26.6 trillion
2 mins
January 03, 2026
Business Standard
Centre okays 22 proposals worth ₹42K cr under ECMS
TDK India, BPL, Foxconn arm among firms to get approval
2 mins
January 03, 2026
Business Standard
GST Council may convene within 15 days to discuss tax on purifiers
The Goods and Services Tax (GST) Council is likely to meet within the next 15 days to consider reducing the indirect tax rate on air and water purifiers to 5 per cent, amid growing public health concerns, people privy to the development said.
2 mins
January 03, 2026
Business Standard
Govt rolls out ₹7.3K cr schemes to boost MSME financing
Plan to help small exporters over a period of six years
2 mins
January 03, 2026
Business Standard
Meity asks X to review Grok, give report within 72 hours
The government has asked Elon Musk-led social media platform X to carry out a comprehensive \"technical, procedural and governance-level\" review of its artificial intelligence (AI)-based chatbot, Grok, and submit a detailed actiontaken report to the Ministry of Electronics and Information Technology (Meity) within 72 hours.
2 mins
January 03, 2026
Business Standard
Avoid over-allocation and chasing recent performance
In calendar year (CY) 2025, sectoral funds tracking the Nifty PSU Bank (26 per cent), Nifty Auto (20 per cent) and Nifty Metal (24 per cent) emerged as top performers.
2 mins
January 02, 2026
Business Standard
Moving with the times and tides
From open outcry trading and paper share certificates to demat accounts, the BSE has come a long way
1 min
January 02, 2026
Business Standard
From herstoric win to space glory, all that shaped the India story
Rediffusion's 'Hits & Misses' survey on what dominated the country's landscape
2 mins
January 02, 2026
Business Standard
The secret sauce to superior equity returns
Driven by disciplined capital management and macro stability efforts, the Indian stock market has delivered stellar long-term returns, consistently ranking among the best global performers for 40 years
3 mins
January 02, 2026
Business Standard
'India is still at an early stage in passive investing compared with US'
The Sensex’s 40-year milestone comes at a time when passive investing is reshaping India’s capital markets, with indices increasingly forming the backbone of investment products.
2 mins
January 02, 2026
Listen
Translate
Change font size