LOGO
LOGO

Breaking News

JSW Steel Q4 Crude Steel Production Up By 2%

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

JSW Steel Ltd. reported fourth-quarter crude steel production stood at 2.11 million tons, up by two percent from the 2.07 million tons in the corresponding month a year-ago.

During the quarter, Rolled products-flat production was 1.65 million tonnes, up by 11 percent from the 1.49 million tones in Q4FY12, while Rolled products-long was 0.44 million tonnes, compared with 0.47 million tonnes in the corresponding quarter of the preceding year, reflecting a six percent decline.

The company's crude steel production for the fiscal year was 8.52 million tonnes, higher by 15 percent than the 7.43 million tons in FY12.

During the year, Rolled products-flat production was 6.28 million tonnes, up by 17 percent from the 5.37 million tones in 2012, while Rolled products-long stood at 1.80 million tonnes, compared with 1.52 million tonnes in the corresponding quarter of the preceding year, an increase 18 percent.

In spite of severe constraints in availability and quality of iron ore in the State of Karnataka, the company could operate its Vijayanagar plant at around 80 percent capacity due to its unique ability of using low grade iron order through beneficiation process, the company said.

At the BSE, JSW Steel shares are currently trading at Rs.688.75, up 1.99 percent from the previous close.

For comments and feedback contact: editorial@rttnews.com

Business News

Global Economics Weekly Update - Jun 01 - Jun 05, 2026

June 05, 2026 16:18 ET
A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.

Latest Updates on COVID-19