SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

JSW Steel reduces product prices on sluggish demand

01 Oct 2014 Evaluate

JSW Steel has reduced prices of long product by Rs 1,000 a tonne and prices flat steel by Rs 500-750 a tonne due to sluggish demand and cheap imports from China flooding the market. The cut in prices comes at a time when the industry is facing a huge increase in production cost.

China has been dumping TMT bars, used largely in the construction industry, in the guise of alloy bars by adding baron. China offers an export rebate of 13 per cent on alloy bar export. Even after paying an import duty of five per cent in India, the alloy bars imported from China work out to be cheaper than TMT bars produced in India.

JSW Steel is part of the JSW group which, in turn, is a part of the O P Jindal group. JSW Steel is one of the largest steel manufacturing companies in India having units in Karnataka and Maharashtra producing crude steel, long steel and flat steel products.

JSW Steel Share Price

1239.90 24.35 (2.00%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Tata Steel 212.05
JSW Steel 1239.90
SAIL 173.50
Jindal Stainless 787.90
APL Apollo Tubes 2105.45
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×