Categories: Business

JSW Steel's Crude Steel Production Dipped 5% in July at 12.46 Lakh Tonnes


JSW Steel crude steel output falls 5 pc to 12.46 LT in July

new Delhi. JSW Steel said on Tuesday that 12.46 lakh tonnes of crude steel were produced in its factories during the month of July. It has declined by five percent as compared to production in the same month a year ago.

Giving this information in a release issued by the company here, it said that in July 2019, it had produced 13.17 lakh tonnes of crude steel. However, an improvement has been registered in July production on a month-on-month basis. The company said that on a month-on-month basis, the production of crude steel in the month of July increased by nine percent to 12.46 lakh tonnes.

On an average 83 per cent of the capacity of the factories was used in July, compared to 76 per cent in June 2020. The production of steel sheet bundles stood at 9.40 lakh tonnes in July 2020, which was 3.5 percent higher than the production of 9.08 lakh tonnes in the same month a year ago. At the same time, production of long steel products like wire and rod decreased by 24 percent to 2.40 lakh tons.

JSW Steel Limited is the leading company of the $ 12 billion JSW Group. The business of JSW Group is spread in the fields of power, infrastructure, cement and sports besides steel.

This post was published on August 11, 2020 1:19 pm

Content Team

Recent Posts

Ban on gaming apps hopes for opportunity for domestic sector

Photo: MEDIATEK online gaming new Delhi. The government has banned 118 apps keeping in mind the security of the country.…

India august gold imports double to hit 8 months peak says source

Photo: TIMESOFINDIA gold import at 8 months high new Delhi. The economy is now looking forward to a gradual recovery.…

Coal India Q1 profit plunges 55 percent YoY

Photo: GOOGLE Coal India Q1 result new Delhi. Coal India's profit fell 55 per cent in the first quarter to…