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Steelmaker JSW Steel reported a 6% growth in the crude steel production of 4.19 million tonnes in the last quarter of the financial year 2021, as against 3.97 million tonnes a year ago.
"The company’s average capacity utilisation improved from 91% for the third quarter to 93% in Q4 of FY 21. However, the capacity utilisation during the month of March 2021 was 96%", the company said in a statement.
During the quarter under review, the flat steel production went up by 4% year-on-year to 2.99 mt and long steel production went up by 11%. On a quarter on quarter basis, flat steel production remained flat whereas long steel registered a growth of 13% indicating a rise in infrastructure and construction demand.
For the financial year FY 21, JSW Steel’s production fell short by 6% to 15.08 million tonnes owing to the stringent pandemic-led lockdown during the first half of the financial year.
Source: economictimes.indiatimes.com
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