India: JSW Cement recorded a market share of 83% in the Indian ground granulated blast furnace slag (GGBS) market in the 2024 financial year, which ended on 31 March 2024. CNBCTV News has reported that JSW Cement sells GBFS produced from slag supplied by fellow JSW Group company JSW Steel, alongside other partners in the steel sector. JSW Steel is presently expanding its refineries in Dolvi, Maharashtra, and Vijayanagar, Karnataka.
JSW Cement’s existing customers include construction firms for the Mumbai Coastal Road, Mumbai Trans-Harbour Sea Link, Bengaluru International Airport and nuclear power plant projects. India’s total national consumption of slag in the reporting period was an estimated 6 – 6.2Mt. Ratings agency CRISIL has forecast composite annual growth of 15 – 16% until the 2029 financial year, to reach 13Mt.
