ArcelorMittal can't do a Jio in Indian steel industry: JSW Steel
JSW Steel's Joint MD Seshagiri Rao has said the Indian steel industry won't have its "Jio" moment, despite the entry of the world's largest steelmaker ArcelorMittal. The Lakshmi Mittal-led company recently emerged as the winning bidder to acquire Essar Steel. JSW said the entry of ArcelorMittal would be good for competition as India's steel market has room for growth.