Business Update11 May 2024, 04:12 pm
JSW Steel Reports 0.4% Year-over-Year Increase in Consolidated Crude Steel Production for April 2024
AI Summary
JSW Steel, India's leading integrated steel company, has reported a 0.4% year-over-year increase in consolidated crude steel production for April 2024, which stood at 21.21 Lakh tonnes. The capacity utilisation at Indian Operations was 88%. Iron ore availability constraints from Karnataka mines at Vijayanagar impacted the production volumes. The break-up of production includes 20.55 Lakh Tonnes from Indian Operations, 0.66 Lakh Tonnes from JSW Steel USA - Ohio, and a consolidated production of 21.21 Lakh Tonnes.
Key Highlights
- JSW Steel reports 0.4% YoY increase in consolidated crude steel production for April 2024.
- Capacity utilisation at Indian Operations was 88% for April 2024.
- Iron ore availability constraints from Karnataka mines at Vijayanagar impacted the production volumes.
- JSW Steel USA - Ohio reported a decrease in production by 18%.
- Consolidated production for April 2024 was 21.21 Lakh Tonnes.