<p>Indian stainless steel giant Jindal Stainless Limited’s has announced that its total sales volume for FY 2021-22 stood at 1,011,292 tonnes, up by 23% as compared to FY 2020-21. The sales volume was backed by JSL’s agile supply chain and a flexible product mix with a focus on value added product segments. Despite volatility and global disruptions in raw material supply and logistics, JSL effectively upped its exports.</p><p>During Q4 of FY 2021-22, Company’s sales volume stood at 269,168 tonnes, registering an uptick of 9% on QoQ and 6% on YoY basis. Company’s exports sales proportion doubled to 32% of sales volumes in Q4 of FY 2021-22 as compared to 16% Q4 of FY 2020-21. The domestic market continued to be marred by cheap stainless steel imports from China and Indonesia in Q4FY22. Domestic demand increased in segments like lifts and elevators and railways. However, demand in consumer facing segments like hollowware and pipe and tubes remained muted due to channel de-stocking, owing to increase in raw material prices.</p>
<p>Indian stainless steel giant Jindal Stainless Limited’s has announced that its total sales volume for FY 2021-22 stood at 1,011,292 tonnes, up by 23% as compared to FY 2020-21. The sales volume was backed by JSL’s agile supply chain and a flexible product mix with a focus on value added product segments. Despite volatility and global disruptions in raw material supply and logistics, JSL effectively upped its exports.</p><p>During Q4 of FY 2021-22, Company’s sales volume stood at 269,168 tonnes, registering an uptick of 9% on QoQ and 6% on YoY basis. Company’s exports sales proportion doubled to 32% of sales volumes in Q4 of FY 2021-22 as compared to 16% Q4 of FY 2020-21. The domestic market continued to be marred by cheap stainless steel imports from China and Indonesia in Q4FY22. Domestic demand increased in segments like lifts and elevators and railways. However, demand in consumer facing segments like hollowware and pipe and tubes remained muted due to channel de-stocking, owing to increase in raw material prices.</p>
