Imports from China, Asean at predatory prices main concern: Jayant Acharya

Even imports from Japan and Korea have been elevated. India is basically a vulnerable ground because our domestic demand is very good, said Jayant Acharya, JMD, JSW Steel

The country’s largest steelmaker by domestic capacity JSW Steel reported a 63.9 per cent year-on-year drop 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 tells Ishita Ayan Dutt about the positives on the operations side even as low-cost imports played a spoiler. Edited excerpts:

Raw material prices had softened and yet JSW recorded a sharp drop in net profit. What led to the weak performance?

Actually, from an operations perspective, the performance is not weak. We had very