Mumbai/New Delhi, Oct. 19 -- India's largest steelmaker JSW Steel Ltd expects the oversupply in India to be short-lived, with the long-term demand set to stay strong, joint managing director and chief executive officer (CEO) Jayant Acharya told Mint in an interview. He said the temporary supply-demand mismatch, caused by several large capacity additions coming online at once, will be absorbed as the country's rapid urbanization, infrastructure push and rising consumption drive steady growth in steel use in the coming years.

Domestic steel prices are currently under pressure despite safeguard duties on imports, underscoring the industry's tightrope between short-term surplus and long-term expansion. Acharya's outlook suggests bullishness ...