JSW Crude Steel production up 5% in August, Long products output slips 20%

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Biznextindia : Despite a weak demand scenario, JSW steel has reported 5 per cent growth in its August crude steel production at 1.31 million tonnes (MT) against 1.25 MT in August 2019. On month-on-month(MoM)  basis the crude steel output has grown by 6 per cent from 1.24 MT.  The average capacity utilisation during the month of August 2020 was 88%.

The production of Rolled products (Flat) grew by 15 per cent (YoY) to .98 MT from .85 MT in August 2019. However, the Sajjan Jindal led company has witnessed a drastic 20 per cent drop in its Long Rolled products output to .23 MT as compared to .29 MT in August 2019. The production of Long products also declined by 4 per cent against the July production of .24 MT.

While the flat steel products are used in the white goods industry, the long products are used mostly in the construction sector. Despite the government has opened construction activities much earlier than other activities, the sector has remain subdued owing to poor demand.

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