JSW Steel Reports 16% Year-on-Year Growth in Combined Group Crude Steel Production

JSW Steel announced that its group’s combined crude steel production was 5.88 million tonnes for the first quarter of FY23, recording 16% year-on-year growth, including production from jointly controlled entities.

The group’s combined crude steel production decreased by 2% compared to 5.98 million tonnes in Q4 FY22.

The company’s operations in India recorded a 37% year-on-year growth in crude steel production to 5.62 million tonnes in the first quarter of FY23.

Sequentially, production was down 2%.

Crude steel production decreased sequentially due to anticipation of some scheduled shutdowns in fiscal year 2022-23

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First published: Thursday 07 July 2022. 11:02 IST