JSW Steel output grows 6 pc in Q4; registers 6 pc fall in FY21

    The corporate’s common capability utilisation improved to 93 per cent within the final quarter.

    JSW Metal on Thursday reported almost 6 per cent year-on-year improve in its output at 4.19 million tonne (MT) for the quarter ended March 31, 2021.

    In an announcement, the JSW Group firm stated it had produced 3.97?MT metal throughout the identical quarter of economic 12 months 2019-20. Throughout January-March 2021, the corporate’s manufacturing of flat rolled merchandise rose by 4 per cent to 2.99 MT, from 2.87 MT within the year-ago interval.

    Whereas the output of lengthy rolled merchandise registered an increase of 11 per cent to 1.05 MT, from 0.95 MT in January-March quarter of 2019-20 fiscal.

    The corporate’s common capability utilisation improved to 93 per cent within the final quarter. In March alone, the capability utilisation was 96 per cent.

    “Despite the fact that the typical capability utilisation improved from 66 per cent in Q1 (April-June) to 93 per cent in This autumn (January March), the crude metal manufacturing for FY 2020-21 was decrease by 6 per cent primarily because of disruption in manufacturing attributable to the outbreak of COVID-19 in Q1 2020-21,” the corporate stated.

    Within the monetary 12 months 2020-21, the corporate noticed its output falling by 6 per cent to fifteen.08 MT, as in opposition to 16.06 MT within the previous fiscal. Throughout April-March 2020-21, the corporate produced 10.87 MT flat rolled merchandise, down 4 per cent from 11.35 MT within the 2019-20 fiscal.

    The output of lengthy rolled merchandise additionally fell by 14 per cent to three.21 MT from 3.72 MT a 12 months in the past.

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