Saturday, 22 May 2021 03:56 PM MYT
In a statement today, JSW Steel said its focus remained in India for now and it was not looking at acquiring any overseas assets. Although JSW Steel, part of the metals-to-cement conglomerate JSW Group controlled by billionaire Sajjan Jindal, was interested in bidding, one of the sources said, there were obstacles to any deal, including navigating the fallout from Brexit as well as India’s coronavirus crisis.
A spokesman for GFG said it “continues to serve its customers around the world and is making progress in the refinancing of its operations, which are benefiting from the operational improvements it has made and the very strong steel, aluminium and iron ore markets.” “Steel production can also be considered to be an important part of our economic resilience and national security,” he said.