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.)
HSBC Swings The Axe At UK Wealth In An AI Push
HSBC is preparing deep job cuts across its UK wealth management arm. It plans to cut about half of its management and sp... Read more
Kraken's Owner Buys A Bank: The Lines Are Blurring
Payward, the parent company of the crypto exchange Kraken, has agreed to buy a European bank. It would be the first digi... Read more
Revoluts Australian Banking Licence Game Changer
Revolut has spent much of its life insisting that it is more than a bank. In Australia, it has now decided that becoming... Read more
The AI Bank Is Coming, But Who Controls The Risk?
Artificial intelligence is no longer something banks discuss as a distant possibility. It is already working behind the ... Read more
ClearBank UK Profit Leads To European Growth
ClearBank has spent much of the past decade building the technology and regulatory infrastructure needed to challenge so... Read more