JSW Steel Records a Significant Rise in Crude Steel Production
JSW Steel, the flagship company of the USD 22 billion JSW Group, announced on Monday a 15% increase in crude steel production in January 2023, reaching 18.91 lakh tonnes. This marks a growth of 15% YoY compared to January 2022’s production of 16.46 lakh tonnes.
The company reported its highest-ever standalone crude steel production in January 2023, with an overall capacity utilization of 99%, compared to 96% in December 2022.
Flat-rolled product production also saw a 14% increase to 14.24 lakh tonnes, compared to 12.47 lakh tonnes in January 2022. Long-rolled product production also saw a growth of 14%, reaching 4.25 lakh tonnes, as opposed to 3.74 lakh tonnes in January 2022.
JSW Steel is a diversified business with interests in sectors such as energy, infrastructure, cement, paints, sports, and venture capital. The company’s continued growth in crude steel production highlights its commitment to delivering quality products and services to its customers.
This latest update from JSW Steel demonstrates its ongoing commitment to growth and excellence in the steel industry. The company’s success serves as a positive sign for the Indian economy and its future growth prospects.
About JSW Steel:
JSW Steel is primarily engaged in the business of manufacture and sale of Iron and Steel Products.
The company aims to expand its crude steel capacity from 18 MnTPA in FY20 to 45 MnTPA within the next decade.
In 2021, the company completed the acquisition of BPSL and became the largest steel producer in India.
The company is the owner of single largest steel plant in India with a capacity of 12 MnTPA.
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