InvestorQ : How is JSW Steel doing in the lockdown as I am holding few shares of the company?
Debbie Mascarenhas made post

How is JSW Steel doing in the lockdown as I am holding few shares of the company?

Answer
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Crowny Pinto answered.
5 months ago


You can imagine how the output performance would be in the midst of this economic shutdown. JSW Steel posted 60% plunge in output in April as a nationwide lockdown stretched through the month. For April, the JSW Steel mills operated at a capacity utilization of just 38% and steel output slumped to 563,000 tons. This could change after 04 May with the government easing some restrictions. Demand for steel in India has also been slammed, with the country’s top carmakers reporting that they couldn’t ship a single vehicle to dealers in April due to production being shut. Tata Steel, SAIL and JSW are India’s biggest steel mills, making up 46% of total annual output