JSW Steel increased production on a m-o-m basis across product categories in Jul’20, as average capacity utilization increased to 83% in Jul’20 compared to 76% in Jun’20.
Flat steel- Flat steel output increased by 17% on a monthly basis and 4% on an on-year basis to 0.94 mn t in Jul’20.
Major Indian steel mills had raised list prices of HRC and CRC twice last month, by around INR 500-750/t in early Jul’20 and by INR 500-1000/t from mid to end of Jul’20 on improved domestic demand and an uptrend in global prices.
Long steel- Long steel output in Jul’20 gained by 45% m-o-m at 0.24 mn t, though it fell by 23% on a y-o-y basis.
Crude steel – Crude steel output gained by 9% to 1.24 mn t in Jul’20 but output was lower by 5% on a y-o-y basis.
JSW steel production figures
Source – Company reports
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