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POSCO and JSW Steel to build integrated steel mill in India

after close1 source ↓written by the desknot a recommendation

was signed
20 April

POSCO has initiated the construction of an integrated steel mill in India through a joint venture with JSW Steel. This facility will encompass the entire steel production process, targeting India's high-growth market of 1.46 billion people. The collaboration aims to enhance the global steel supply chain and capitalize on profitable opportunities within India.

The joint venture agreement was signed on 20 April, marking a significant step in both companies' expansion strategies.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 28 Jun 2026, 16:02 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

JSWSTEEL closed +0.1% on the day of the news, from ₹1,231.00 to ₹1,232.40; Nifty −0.5% over the same session; futures OI −0.4%.

Bulletin at 16:02 IST on 28 Jun 2026. Every change is measured from ₹1,231.00, the last close before it, on 25 Jun. Nifty 50 is measured over the same sessions.

  • JSWSTEEL close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
JSWSTEEL closes around the bulletin against the close before the news, with Nifty 50 rebased to it112412311338axis spans 19%before the news · 25 Jun1231Nifty 50JSWSTEELbulletinD0+1+3+519 Jun2 Jul13 JulFutures open interest, lotspeak 67,000Reference close ₹1,231.00. 16 sessions from 19 Jun to 13 Jul; the price axis spans 19 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before25 Jun₹1,231.00basebase
On the day29 Jun₹1,232.40▲ +0.1%▼ −0.5%+0.6 pp difference
+1 session30 Jun₹1,226.40▼ −0.4%▼ −0.8%+0.4 pp difference
+3 sessions2 Jul₹1,223.80▼ −0.6%▲ +0.5%−1.1 pp difference
+5 sessions6 Jul₹1,243.20▲ +1.0%▲ +1.6%−0.6 pp difference
Gap at the open, % · ₹
▲ +0.7%+8.00 on 29 Jun
Day's range, % · ₹
2.0%≈ 24 high to low
Volume on the day
1.38×the 20-session average
Futures OI on the day
▼ −0.4%−290 lots · short covering · price +0.1%
Futures OI open, lots
67,00029 Jun · 30 Jun expiry
Futures premium, ₹
−1.00−0.1% to spot
Puts per call, by OI
0.65from 0.65 the session before
Max pain
1,280from 1,270 the session before

Source NSE UDiFF bhavcopy · JSWSTEEL on the desk →

Thread · JSWSTEELAll JSWSTEEL bulletins →

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