In an impressive feat for 2025, JSW Steel has surpassed global steel giants, including ArcelorMittal and Nucor Corp., to become the world’s most valuable steel company. The Indian steelmaker’s market capitalization now stands at $30.31 billion, ahead of its closest competitors by margins ranging from $91 million to $3 billion.
JSW Steel’s exceptional performance has been fueled by a remarkable 18% surge in stock value this year, making it one of the top performers on the Nifty 50 index. The company also outpaces its domestic competitors, including Tata Steel.
The company’s flagship, JSW Steel, has expanded rapidly, with integrated steel plants in Vijayanagar, Dolvi, and Salem, as well as international facilities in the United States and Italy. Currently boasting a steel production capacity of 35.7 million tonnes (MT), the company plans to ramp up this capacity to 43.5 MT by FY28 and 51.5 MT by FY31, a move that analysts predict will secure its position for long-term growth and increased output.
Parth Jindal, CEO of JSW Steel, expressed his pride on social media, stating, “We are incredibly proud to share that JSW Steel is now the largest steel company in the world by market capitalization. A huge thanks to my father, Mr. Sajjan Jindal, my mother, Mrs. Sangita Jindal, and the entire JSW Group family for their hard work. We are humbled by this achievement but we will not stop here.”
The company’s growth is further supported by India’s rising steel production, which saw a 3.5% increase to 37.38 million tonnes in Q3 FY25. Steel consumption also rose by 6.8% to 38.46 million tonnes, with projections of a 10% year-on-year growth in FY25, driven by increased government capital expenditure.
JSW Steel’s aggressive expansion strategy and strong execution capabilities continue to set it apart. Investment firm Investec has maintained a “buy” rating for the company, with a price target of ₹1,100 per share, citing JSW’s robust return profile, efficient leverage management, and growth prospects.
Founded in 1982, JSW Steel’s remarkable rise is a testament to its ambitious vision and expansion into diverse sectors like automotive and construction. As it moves forward, the company is poised to continue its upward trajectory in the global steel industry.
