JSW Steel’s subsidiary companies have exhibited exceptional performance during the January-March 2023 quarter

JSW Steel Coated Products, including its subsidiaries, showcased remarkable prowess by registering a production volume of 0.84 million metric tons and sales volume of 1.02 million metric tons (GI/GL + Tin). Revenue from Operations soared to an impressive ₹8,479 crores, with Operating EBITDA reaching ₹431 crores. Net Profit after Tax for the quarter stood at a commendable ₹835 crores, which includes a noteworthy deferred tax adjustment of ₹645 crores, a consequence of the amalgamation of esteemed stepdown subsidiaries, namely, Asian Color Coated Ispat Limited and Hasaud Steel Limited.

With a Crude Steel Production of 0.78 million metric tons and Sales volume of 0.71 million metric tons, BPSL demonstrated its unwavering strength. Revenue from Operations reached an impressive ₹5,570 crores, while Operating EBITDA stood at ₹949 crores. BPSL achieved a Net Profit after Tax of ₹429 crores for the quarter,

Venturing across the ocean, JSW Steel USA Ohio proved its mettle with an EAF-based steel manufacturing facility in Mingo Junction, Ohio. The facility exhibited remarkable capacity utilization, producing 86,203 net tons of HRC and 231,908 net tons of slabs during the quarter. Sales volumes saw significant growth, with 72,776 net tonnes of HRC, marking a 66% increase QoQ, and 125,124 net tons of sabs, soaring by an impressive 179% QoQ. While the operating EBITDA reported a loss of $12.1 million, it is worth noting that the EBIDTA loss reduced by $10.7 million QoQ

Meanwhile, the US Plate and Pipe Mill, located in Baytown, Texas, stood strong with a production of 104,439 net tonnes of Plates and 6,606 net tonnes of Pipes. The facility reported capacity utilization of 47% and 5% for Plates and Pipes, respectively. Sales volumes witnessed a significant rise, reaching 86,823 net tonnes of Plates, marking a 17.3% increase QoQ, and 5,241 net tonnes of Pipes. The Operating EBITDA reported a commendable $ 25.7 million, showcasing a remarkable 50% increase QoQ.

Lastly, JSW Steel (Italy) (Aferpi) added to the tale of success with its rolled long products manufacturing facility in Italy. The facility achieved a production of 78,384 metric tons and sales of 94,695 metric tons during the quarter. With an Operating EBITDA of €13.4 million, marking a noteworthy 71% increase QoQ, Aferpi solidified its position as a formidable force within the industry.

US Steel Shipments in April Down by 2.6% MoM

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