India: JSPL’s crude steel output down 4% in Q2 FY’22

JSPL reported a drop in production to 1.93 mn t in Q2 FY’22, down 4% as against 2.01 mn t in Q1, as per company sources. Seasonally weak demand due to monsoons weighed on volumes, SteelMint understands.

• Production rose 5%, y-o-y, against 1.84 mn t in Q2 FY’21
• Inventory level continued to decline in Sep
• H1 production recorded at 3.94 mn t.