US tariffs are a tailwind to our US business, says JSW Steel CEO

Core Insights - The company is consolidating its US operations under JSW Netherlands to simplify its structure, moving from two entities to one [2] - The US domestic market has shown improvement, leading to better profitability for the company's US operations [3] - Tariffs imposed by the Trump administration have positively impacted pricing in the US market, benefiting the company's business [5][4] US Operations - The consolidation aims to streamline operations and enhance efficiency in the US market [2] - The company anticipates that domestic demand will drive volume growth in the US, serving as a tailwind for future performance [3] - The overall exposure of the company to the US market is limited, with only 3% of total revenues coming from international operations [6] Tariff Impact - The tariffs have led to increased prices in the US market, which has been advantageous for the company's operations [5] - The company exports only 10% of its overall volumes, with a small fraction directed to the US, indicating limited direct impact from US tariffs [7] - Discussions regarding tariff rationalization between India and the US are ongoing, with expectations for potential reductions in duties [7] Long-term Commitment - The company remains committed to its US operations despite the complexities introduced by tariffs, indicating a long-term investment strategy [9][10] - Investments have been made to upgrade capacities in Texas and Ohio, with new products being introduced to meet market demands [10]