'Next quarter, there will be a boom in steel demand': JSW Steel Joint MD

Investment in infrastructure by various governments and energy transition are driving demand for steel, says Seshagiri Rao

Steel manufacturer JSW Steel recorded its highest quarterly net profit at Rs 5,900 crore in the first quarter of the financial year on the back of higher realisations from export and domestic markets. In an interview, Seshagiri Rao, joint managing director and group chief financial officer, JSW Steel, tells Ishita Ayan Dutt that the industry is going through a structural shift and demand is very strong globally. Post second Covid wave, there have signs of good recovery in June, he says. Edited excerpts: 

JSW recorded its highest quarterly profit on lower volumes, what was the increase in realisations quarter-on-quarter?

The