ADVERTISEMENT

JSW Steel’s Crude Steel Output Rises 2% In December Quarter

The steelmaker’s crude steel output stood at at 4.08 million tonne during the October-December period.

A person directs a colleague, top right, moving rolls of steel with a crane in Odisha, India. (Photographer: Dhiraj Singh/Bloomberg)
A person directs a colleague, top right, moving rolls of steel with a crane in Odisha, India. (Photographer: Dhiraj Singh/Bloomberg)

JSW Steel Ltd. on Thursday posted a marginal growth of 2% in crude steel output at 4.08 million tonne during the October-December period of the ongoing fiscal.

The Sajjan Jindal-led company had produced 4.02 MT in the year-ago period, it said in a statement.

During the December quarter, production of the company's flat-rolled products grew 4% to 2.98 MT from 2.86 MT in the same period a year ago.

Long rolled products' output also rose 4% to 0.93 MT in the latest quarter under review. In the year-ago period, the same was at 0.89 MT.

Opinion
Steel Stocks Rally As Credit Suisse Expects Prices To Remain Elevated

JSW Steel is part of $12 billion JSW Group and has a presence in sectors such as steel, energy, infrastructure, cement, sports, among others.