India: JSW Steel’s production declines in FY ’21 amid pandemic woes

Company’s crude steel production aggregated to 15.08 mn t FY ’21, down by 6% y-o-y as against 16.06 mn t over disruptions in production caused by the on-going COVID-19 pandemic. Meanwhile, flat-rolled products and long-rolled products production fell by 4% and 14% respectively in FY ’21. SteelMint learnt from the recent press release in BSE filing. However, the capacity utilization during Q4 has improved significantly to 93% as against 66% in Q1.


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