JSW Steel posts record quarterly crude steel output
India’s JSW Steel reports that its crude steel production in the second quarter of the 2017 financial year ending 30 September was the highest-ever for the company. Production of rolled flat steel also increased quarter-on-quarter, and rolled long products output again saw a significant on-year increase, the company says.
The steelmaker produced 3.98 million tonnes of crude steel in Q2 FY2017 or 22% more than the output of 3.25mt in the same period in FY 2016. Flat products output rose by 12% y-on-y to 2.86mt from 2.57mt. Production of long products grew by 24% to 0.79mt, also y-o-y. Kallanish notes.
The company continues to steadily increase its steel output. It produced a previous quarterly record volume of 3.87mt of crude steel in the three months ending 30 June 2016. The latest result represents the steelmaker’s highest-ever quarterly crude steel output, the company confirms.
On an annualised basis at the same rate of output therefore JSW Steel would produce nearly 15.7mt of crude steel in its FY 2017. This would be around 25% more than in FY 2016.
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Anonymous
Very good overview of the weekly steel market.
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