Current Affairs - Business - Discussion
Discussion Forum : Business - Latest Current Affairs (Q.No. 69)
69.
Which steel manufacturer has become the world’s highest-valued steelmaker with a market capitalisation exceeding $30 billion?
Answer: Option
Explanation:
JSW Steel has achieved the remarkable feat of becoming the world’s highest-valued steel manufacturer, surpassing US-based Nucor Corp. The company’s market capitalisation crossed the $30 billion mark, driven by strong stock performance and government support against low-cost steel imports. This milestone positions JSW Steel ahead of major global steel players like ArcelorMittal, Nippon Steel, and Baoshan Iron. The company’s performance has been fueled by increased domestic demand for steel and its ability to navigate challenges in the global steel market.
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