JSW Steel has reported that its consolidated production in December was up 28 per cent at 5.35 million tonne (mt) against 4.18 mt logged in same period last year.
On a standalone basis, the production has increased by 8 per cent to 4.41 mt (4.08 mt). Bhushan Power and Steel output was down seven per cent at 0.64 mt against 0.79 mt. The production was down mainly due to shutdown of Continuous Strip Plant for 10 days for upgrading automation, said the company’s release.
Jointly controlled JSW Ispat Special was up 27 per cent at 0.14 mt (0.11 mt). The output from the company’s US subsidiary JSW Steel US Ohio was up 7 per cent sequentially.
The company reported a standalone capacity utilisation of 94 per cent.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.