JSW Steel Crude Steel Production Grows 7% YoY To 1.7 MT In April

Listen to This Article

JSW Steel on Wednesday posted a 7 per cent growth in crude steel production on standalone basis at 17.77 lakh tonne (LT) in April 2023.

The company had produced 16.67 LT steel during the same month last year, JSW Steel said in a statement.

In April 2023, the company said the production of its flat-rolled products rose 16 per cent to 13.92 LT from 12 LT a year ago.

However, its long-rolled products output fell 9 per cent to 3.21 LT from 3.54 LT in April 2022.

"Production of rolled long-products is lower due to planned capital shutdowns taken at Salem and Vijayanagar plant locations during April 2023," it said.

JSW Steel is among top six steel manufacturing companies in India.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

RECENT NEWS

Titi Coles Legacy In Finance: Pioneering Diversity And Leadership

Titi Cole, one of the most senior Black women in the world of finance, recently exited her high-profile role at Citi. He... Read more

Rising Rates, Rising Challenges: Bankers Adapt To Serve Troubled Companies In A Changing Economic Landscape

As interest rates climb, troubled companies are facing heightened financial pressures, prompting them to seek assistance... Read more

The Elusive Nature Of Fraud Detection: Exploring The Auditor's Dilemma

In the intricate world of financial reporting, auditors serve as guardians of integrity, tasked with uncovering discrepa... Read more

The Battle For Depositors: US Lenders Ramp Up Efforts Amidst Rate Uncertainty

In the competitive landscape of the US banking sector, retaining depositors is paramount for lenders seeking to maintain... Read more

Beyond Capital: Unveiling The Complexities Of Bank Failure Prediction

In the realm of banking, the ability to predict and prevent failures is paramount for financial stability and consumer c... Read more

Central Banks And The Economic Horizon: Steering Through Uncertaintie

In the evolving landscape of global financial markets, the strategic role of central banks has come under intense scruti... Read more