India: JSW’s total steel sales up by 11% in Q4 FY ’21

Following are the key highlights of JSW Steel’s quarterly sales performance:

• Overall sales volumes increased by 11% y-o-y and 3% on a quarterly basis.
• Domestic sales at 3.03 mn t following strong demand uptick in Q3 and de-stocking in during Q4.
• Domestic automotive steel sales up 49% y-o-y, while domestic automotive steel production was up 27% y-o-y.
• Share of value-added and special products in overall sales stand at 59% (57% in Q3 FY ’21 and 48% in Q4 FY ’20) driven by robust global demand and increased offtake from the domestic automotive and consumer durables sectors.