JSW Steel output grows 5% in August to 1.31 million tonnes

JSW Steel on Wednesday reported a 5 per cent growth in its crude steel production at 1.3 million for August 2020

JSW Steel on Wednesday reported a 5 per cent growth in its crude steel production at 13.17 lakh tonnes (LT) for August 2020.

The company's output in August 2019 had stood at 12.53 LT, the steel maker said in a statement.

On a month-on-month (MoM) basis, JSW Steel's output in August 2020 was 6 per cent higher compared to 12.46 LT it produced in July 2020.

During the month under review, the production of flat rolled products grew by 15 per cent year-on-year to 9.80 LT from 8.51 LT in August 2019.

On MoM basis, the output of flat rolled products was 4 per cent up as against 9.40 LT in July 2020.

However, in August 2020 the production of long rolled products fell by 20 per cent to 2.32 LT from 2.91 LT in the same month last year.

Month-on-month, the long rolled output in August 2020 was 3 per cent down compared to 2.40 LT in July 2020.

The flagship company of the diversified USD 12-billion JSW Group has a significant presence in sectors such as steel, energy, infrastructure, cement, sports among others.