India’s largest steel producer in the private sector, JSW Steel, reported an 8% increase in crude steel production at 22.25 mnt while Tata Steel achieved the highest-ever crude steel output volume of 20.8 mnt in FY’24, showing a y-o-y growth of 4.5%. Public sector steel major Steel Authority of India Limited (SAIL) posted a 5% y-o-y growth in output at 19.2 mnt. However, Jindal Steel & Power (JSPL)’s output remained stable, up a minuscule 0.5% to 7.93 mnt. Flats steel major AM/NS India also reported an almost flat growth, rising 1% to 7.68 mnt.
