Integrated steel major AM/NS India emerged as the leading producer in FY’22 with pellet output increasing by over 20% y-o-y to more than 13 mnt compared with a little below 11 mnt in the previous fiscal. The steelmaker has total production capacity of 20 mnt/year after its latest 6 mnt/year pellet plant was commissioned in Odisha’s Paradip in Sept’21.
JSW Steel raised output sharply by over 35% to 11 mnt (excluding production at its Dolvi steel plant in Maharashtra) from 7 mnt in FY’21. Post acquisitions through the insolvency route in Odisha and Chhattisgarh, JSW’s pellet capacity has risen to over 27 mnt/year.
While JSPL’s production remained stable y-o-y at 7.7 mnt, Tata Steel saw its FY’22 output climbing 17% on the year to over 7 mnt. Both companies have annual pellet capacity in excess of 9 mnt.
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