JSW Steel output falls 13 percent to 12.54 lakh tonne in October

Nov 13,2019

JSW Steel on November 12 said its crude steel production declined 13 percent to 12.54 lakh tonne during October 2019. The company had produced 14.47 lakh tonne crude steel in October 2018, it said in a BSE filing.

During the month, the production of flat-rolled products fell 3 percent to 9.77 lakh tonne as against 10.11 lakh tonne in October 2018, it added.

The company registered a 25 percent fall in production of its long rolled products at 2.58 lakh tonne as compared to the year-ago month when it stood at 3.46 lakh tonne, it said.

"The extended monsoon rains impacted production both at JSW Steel Dolvi Works and Vijayanagar Works locations. The company has taken a temporary shutdown of one of the blast furnaces at Salem location due to slowdown in demand from the auto sector," it added.

JSW Steel is a leading integrated steel company in India with an installed steel-making capacity of 18 million tonnes per annum.

The company's plant at Vijayanagar in Karnataka is the largest single location steel producing facility in the country with a capacity of 12 million tonnes per annum.

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