Latest News | JSW Steel's Jul-Sep Quarter Steel Output at 3.85 MT
Get latest articles and stories on Latest News at LatestLY. JSW Steel on Friday said its steel output for the September quarter stood at 3.85 million tonne (MT).
New Delhi, Oct 9 (PTI) 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 per cent rise from 2.96 MT JSW Steel had produced in the April-June quarter of this fiscal.
"With production of 3.85 MT, the company has achieved average capacity utilisation of 86 per cent Q2 FY21 in line with pre-COVID-19 level of 85 per cent in Q2 last year. This is a quantum jump from capacity utilisation of 66 per cent in Q1 FY21, which was impacted by the pandemic," the company said.
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The company has registered a 5 per cent 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 per cent higher from 2.05 MT in the April-June quarter.
The output of long rolled products fell by 7 per cent to 0.77 MT, compared to 0.82 MT in the year-ago quarter. 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.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)