InvestorQ : Has the steel output of JSW Steel been adversely impacted by the recent steel constraints?
Riya Dwivedi made post

Has the steel output of JSW Steel been adversely impacted by the recent steel constraints?

Answer
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rhea Babu answered.
3 months ago


JSW Steel has already reported a sharp fall in crude steel production on the back of weak logistics and tepid demand. JSW Steel reported crude steel production of 2.96 MT in the Jun-20 quarter as compared to crude steel production of 4.24 MT in the corresponding June quarter of the previous fiscal year. Its average capacity utilisation dropped to 76%

The weakness was across product segments. Production of flat-rolled products totalled 2.05 MT in Jun-20 quarter compared to 2.87 MT last year. Production of long rolled or LR product was at 0.MT in the Jun-20 quarter as compared to 0.95 MT in the corresponding period last year. Clearly, tepid demand had led the output lower.

JSW Steel expects to meet a majority of its requirements of iron ore from the mines allocated to them under the government allocation to reduce its dependency in sourcing the ore from merchant miners in Odisha