Jindal Steel & Power sales volume rise 20% in Jan'22

Jindal Steel & Power reported meaningful recovery in Steel Sales in the month of January 2022 despite low Railway rake availability. Sales volume increased 20% Y-o-Y to 6.95 lakh tonnes as compared to 5.81 lakh tonnes in January 21.

Inventories continued to decline for the second consecutive month with JSP posting Steel Production of 6.82 lakh tonnes. Marginal improvement in rake availability during the month, resulted in export share rising to 31% (from 28% in December 21)

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