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

Powered by Capital Market – Live News

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


Dear reader,

Business Standard has always endeavored to provide up-to-date information and commentary on developments that matter to you and that have wider political and economic implications for the country and the world. Your constant encouragement and feedback on how to improve our offering has only strengthened our resolve and commitment to these ideals. Even in these challenging times stemming from Covid-19, we remain committed to keeping you informed and updated with credible news, authoritative opinions and incisive commentary on relevant topical issues.
However, we have a request.

As we battle the economic impact of the pandemic, we need your support even more so that we can continue to bring you more great content. Our subscription model has received an encouraging response from many of you who have subscribed to our online content. More subscriptions to our online content can only help us achieve the goals of bringing you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practice the journalism we are committed to.

Support quality journalism and subscribe to Business Standard.

digital editor

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