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

However, the production in July-September was 69 per cent 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..

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

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 an average capacity utilization 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 utilization 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 a presence in steel, energy, infrastructure, cement, sports among others.