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JSW Steel records 5% sequential growth in Q3 crude steel production

Capital Market 

JSW Steel has reported 4.02 million tons (MT)crude steel production in Q3 FY20 compared to 3.84 MT in Q2 FY20 (growth of 5%) and 4.23 MT in Q3 FY19 (decline of 5%).

The production of flat rolled products has increased by 6% to 2.86 MT in Q3 FY20 from 2.71% in Q2 FY20, but declined by 1% from 2.90 MT in Q3 FY19.

The product of long rolled products has increased by 9% to 0.89 MT in Q3 FY20 from 0.82 MT in Q2 FY20, but declined by 14% from 1.04 MT in Q3 FY19.

For 9M FY20, crude steel production has declined 3% to 12.09 MT, flat rolled products production has declined 3% to 8.48 MT and long rolled products production has declined 4% to 2.76% compared to corresponding period of previous year.

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

First Published: Mon, January 13 2020. 13:41 IST
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