JSW Steel on Thursday reported an increase of about six per cent annually with its output of 4.19 million tons (MT) for the quarter ended March 31, 2021.
In a statement, JSW Group said it produced 3.97 MT steel during the same quarter of the 2019-20 financial year.
In January-March 2021, the company’s production of flat products increased by 4 percent to 2.99 MT, from 2.87 MT in the previous year.
While long-term product roll-out recorded an increase of 11 percent to 1.05 MT, from 0.95 MT for the January-March quarter of 2019-20 fiscal year.
The company’s energy consumption improved to 93 percent in the last quarter. In March alone, energy consumption was 96 percent.
Although moderate consumption has improved from 66 per cent in Q1 (April-June) to 93 per cent in Q4 (January March), FY 2020-21 crude steel production has declined by 6 per cent mainly due to product disruption caused by the outbreak. of COVID-19 in Q1 2020-21, “said the company.
For the 2020-21 financial year, the company saw its output drop by 6 percent to 15.08 MT, compared to 16.06 MT in the previous fund.
During April-March 2020-21, the company produced 10.87 MT rolled products, down 4 percent from 11.35 MT in the 2019-20 fiscal year.