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JSW Steel Denies Liberty Asset Bid as Mill Plans India Expansion May 24 2021, 6:13 PM May 24 2021, 4:19 PM May 24 2021, 6:13 PM (Bloomberg) India’s most valuable steelmaker is ruling out overseas acquisitions and is instead focusing firmly on its home market, with a $3.4 billion plan to sharply boost output. (Bloomberg) India’s most valuable steelmaker is ruling out overseas acquisitions and is instead focusing firmly on its home market, with a $3.4 billion plan to sharply boost output. JSW Steel Ltd., whose quarterly profit soared to a record high on a sharp rally in prices and robust demand, denied a Reuters report that it’s weighing a bid for Liberty Steel Group’s assets. It also expects exports to surge as India grapples with a devastating coronavirus outbreak and China’s production curbs ease competition, according to Joint Managing Director Seshagiri Rao.

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