India: JSW Steel’s crude steel production rises over 20%, y-o-y, in Q1FY’23

JSW Steel’s standalone crude steel output stood at 5 mnt in Q1FY’23, up 22% y-o-y compared with 4.10 mnt in Q1FY’22. Flat steel production stood at 3.60 mnt while long steel output stood at 1.04 mnt in Q1. However, production remained stable on q-o-q contrasted with Q4FY’22 due to preponement of maintenance shutdowns and lower average capacity utilisation rate of 93% in Q1FY’23 as against 98% in the previous quarter.