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JSW Steel's Combined Production Grows 12% To 5.68 MT In July-September

The production at 5.68 MT was 3% down compared to 5.88 MT in April-June period of ongoing fiscal year.

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JSW Steel has reported a 12% year-on-year growth in its combined steel production at 5.68 million tonne in the quarter ended September 2022.

In the year-ago-period, its combined steel output was at 5.07 MT, JSW Steel said in a statement.

"JSW Steel reported its group combined crude steel production at 5.68 million tonne, registering a growth of 12% y-o-y, including the production at jointly controlled entities," it said.

The jointly controlled entities include Bhushan Power & Steel Ltd. and JSW Ispat Special Products Ltd.

The production at 5.68 MT was 3% down compared to 5.88 MT in April-June period of ongoing fiscal year.

"The drop in production is attributable mainly to extended maintenance shutdowns in JISPL, subdued market conditions in the USA and lower capacity utilisation in other locations in India due to supply and logistics constraints in sourcing of iron ore and steep decline in export volumes," it said.