India’s JSW Steel reported a more than two-fold jump in quarterly profit before exceptional items and tax on Thursday, driven by a rebound in steel prices and healthy demand that overtook a rise in costs linked to the Iran war.
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The Mumbai-based steelmaker’s consolidated profit before exceptional items and tax jumped to 44.89 billion rupees ($468.7 million) for the quarter ended March 31.
Also Read: JSW Steel, Tata Steel poised for margin recovery as domestic demand holds firm: Siddhartha Khemka
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