JSW Steel India Posts 36% YoY Surge in Steel Production in H1

India’s leading steel maker JSW Steel has reported that its group combined crude steel production at 5.68 million tonnes forJuly-September quarter of 2022-23 registering a growth of 12% YoY, including the production at jointly controlled entities.July-September 2022Total - 5.68 million tonnes, up 12% YoYJSW Steel Indian Operations - 5.57 million tonnes, up 36% YoYJSW Ispat Special Products - 0.03 million tonnes, down 77% YoYIndian Operations Incl Joint Control - 5.6 million tonnes, up 14% YoYJSW Steel USA Ohio - 0.08 million tonnes, down 46% YoYH1 of FR 2022-23Total - 11.56 million tonnes, up 14% YoYJSW Steel Indian Operations - 11.19 million tonnes, up 36% YoYJSW Ispat Special Products - 0.13 million tonnes, down 50% YoYIndian Operations Incl Joint Control - 11.32 million tonnes, up 15% YoYJSW Steel USA Ohio - 0.24 million tonnes, down 17% YoYJSW Steel said “The crude steel production for Q2 FY 2023 was sequentially lower by 3%. This drop in production was attributable mainly to extended maintenance shutdowns in JISPL, subdued market conditions in USA and lower capacity utilisation in other locations in India due to supply and logistics constraints in sourcing of iron ore and steep decline in export volumes.”