SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

JSW Steel rolls out zinc-magnesium-aluminium alloy coated steel

30 May 2024 Evaluate

JSW Steel has rolled out zinc-magnesium-aluminium alloy coated steel and aimed to capture 50 per cent market share in the segment within one year's time. JSW Steel has invested around Rs 500 crore in setting up the coated capacity of 0.9 million tonnes per annum at Karnataka and Maharashtra facilities where JSW Magsure will be manufactured. JSW Steel targets a 50 per cent market share in this coated segment within one year of Magsure's launch in India. It is also exploring significant export opportunities for JSW Magsure in Europe and the Middle East.

Indian market for zinc-magnesium-aluminium alloy coated steel has grown more than sixfold from about 15,000 metric tonnes to 120,000 in FY24. So far the entire market requirement was serviced by imports.

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:

×