India’s most valuable steel producer is looking outward as the slowest economic expansion in six years cuts demand in the South Asian country and puts pressure on margins.

JSW SteelNSE 1.87 % Ltd. expects to exceed its export target of 2.2 million to 2.4 million tons for the fiscal year “after having seen the slowdown in the domestic demand,” Joint Managing Director Seshagiri Rao said Thursday in an interview. That’s a reversal from April, when the Sajjan Jindal-led mill left its export ..