From its India operations, the company produced 6.63 MT of steel in October-December, up 9 per cent over 6.06 MT in the year-ago period. In India, the capacity utilisation level stood at 94 per cent in the third quarter. JSW Steel USA - Ohio produced 0.24 MT steel, up three-fold from 0.8 MT produced in October-December 2022-23.
The increase in production was mainly on account of improved capacity utilisation rates coupled with the ramping up of capacities by key Indian steel players, it said.
The company attained its highest-ever sales performance in the first quarter by achieving a sales volume of 3.9 MT, posting a y-o-y rise of 24 per cent. Steel Authority of India Ltd (SAIL), under the Ministry of Steel, is among the top three steel producing companies in India having an annual capacity of around 20 MT.
[China Iron and Steel Association: the daily output of crude steel in iron and steel enterprises increased by 9.42% in late February] in late February 2022, steel enterprises produced a total of 16.6225 million tons of crude steel, 14.6334 million tons of pig iron and 16.7255 million tons of steel. Of this total, crude steel produced 2.0778 million tons per day, up 9.42 percent from the previous month; pig iron produced 1.8292 million tons per day, up 8.65 percent from the previous month; and steel products produced 2.0907 million tons per day, up 15.57 percent from the previous month.