(MT Newswires) -- Jayant Acharya, CEO of JSW Steel, says that demand for steel in India is strong, with consumption reaching 135 million tonnes, marking growth of 15%. In the medium term, steel consumption in India is expected to grow by 8-10% a year. The CEO expresses concern about Chinese steel exports, and hopes that the incentives put in place to boost the Chinese economy will ease the pressure of Chinese exports on the global steel market.

He also points out that high raw material costs are being offset by rising global steel prices. He adds that JSW Steel is confident of achieving its production and sales targets.

Finally, the company continues to look for coal assets to acquire and in parallel is developing mines in India, with two mining concessions recently secured. JSW Steel expects to develop these over the next eighteen months.

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