Preponed shutdowns led to 3% QoQ fall in JSW Steel’s output Apr-Jun

7 Jul 2022

JSW Steel Ltd’s crude steel production from its domestic operations declined 2.6% on quarter to 5.72 mln tn in Apr-Jun, the company said in a quarterly update today.

The company said the sequential decline was “due to preponement of certain scheduled shutdowns during the financial year 2022-23.”

Compared to the year ago period, the production was up by 16%. In Apr-Jun 2021, the production of most sectors, including steel, were affected adversely due to renewed lockdowns in several states.

Of the 5.72-mln-tn production in Apr-Jun, 0.11 mln tn was in JSW Ispat Special Products, a jointly controlled entity.

JSW Steel’s production from its US plants was up marginally by 0.1% on quarter to 0.16 mln tn. In the year-ago quarter, the production was 0.14 mln tn.