JSW Steel’s crude steel production up by 6% to 4.19 mt in Q4 of FY 21

• Tuesday, April 27, 2021
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[Ferro-Alloys.com]

 

Steelmaker JSW Steel reported a 6% growth in the crude steel production of 4.19 million tonnes in the last quarter of the financial year 2021, as against 3.97 million tonnes a year ago. 

 

"The company’s average capacity utilisation improved from 91% for the third quarter to 93% in Q4 of FY 21. However, the capacity utilisation during the month of March 2021 was 96%", the company said in a statement. 

 

During the quarter under review, the flat steel production went up by 4% year-on-year to 2.99 mt and long steel production went up by 11%. On a quarter on quarter basis, flat steel production remained flat whereas long steel registered a growth of 13% indicating a rise in infrastructure and construction demand. 

 

For the financial year FY 21, JSW Steel’s production fell short by 6% to 15.08 million tonnes owing to the stringent pandemic-led lockdown during the first half of the financial year. 

 

Source: economictimes.indiatimes.com

 

 

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