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JSW Steel's July Sep quarter steel output at 3.85 MT

JSW Steel's July-Sep quarter steel output at 3.85 MT

JSW Steel's July-Sep quarter steel output at 3.85 MT
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By PTI Oct 9, 2020 11:45:02 AM IST (Published)

On a quarter-on-quarter (q-o-q) basis, the 3.85 MT output showed a 30 percent rise from 2.96 MT JSW Steel had produced in the April-June quarter of this fiscal.

JSW Steel on Friday said its steel output for the September quarter stood at 3.85 million tonne (MT). During July-September 2019-20, the company had produced 3.84 MT of steel, JSW Steel said in a statement.

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On a quarter-on-quarter (q-o-q) basis, the 3.85 MT output showed a 30 percent rise from 2.96 MT JSW Steel had produced in the April-June quarter of this fiscal. ”With the production of 3.85 MT, the company has achieved average capacity utilisation of 86 percent Q2 FY21 in line with the pre-COVID-19 level of 85 percent in Q2 last year. This is a quantum jump from capacity utilisation of 66 percent in Q1 FY21, which was impacted by the pandemic,” the company said.
The company has registered a 5 percent year-on-year (y-o-y) growth in its production of flat-rolled products at 2.84 MT, as compared to 2.71 MT a year ago. At 2.84 MT, the output was 38 percent higher from 2.05 MT in the April-June quarter. The output of long rolled products fell by 7 percent to 0.77 MT, compared to 0.82 MT in the year-ago quarter. However, the production in July-September was 69 percent higher compared to 0.45 MT in April-June of Financial Year (FY) 2020-21.
JSW Steel is the flagship company of USD 12 billion JSW Group which has presence in steel, energy, infrastructure, cement, sports among others.
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