JSW Steel becomes world's most valuable steel company, valued over $30 billion, surpassing global competitors.

JSW Steel, an Indian steelmaker, has become the world's most valuable steel company with a market capitalization of over $30 billion, surpassing competitors like ArcelorMittal and Nucor Corp. This achievement is attributed to strong domestic demand in India, robust government spending, and the company's successful stock performance. Despite its high market value, JSW Steel still lags behind ArcelorMittal in terms of revenue. The company plans to expand its steelmaking capacity to 51.5 million tonnes by 2031.