JSW Steel's August crude steel output down by 13% yoy

The company said its crude steel output declined 13% to 12.53 lakh tonne in the quarter ended August 2019.

Sep 11, 2019 05:09 IST India Infoline News Service

JSW Steel
JSW Steel on Wednesday said its crude steel output declined 13% to 12.53 lakh tonne in the quarter ended August 2019. The company had produced 14.48 lakh tonnes during the corresponding period a year ago, JSW Steel said in a BSE filing.

The production was lower due to planned shutdown at Vijayanagar works and severe monsoon impact at Dolvi works.

The output of long-rolled products was at 2.91, down 5% and that of rolled products also fell by 13% at 8.51% for August 2019, the company said.

JSW Steel Ltd is currently trading at Rs226.80, up by Rs7.15 or 3.26% from its previous closing of Rs219.65 on the BSE.

The scrip opened at Rs220 and has touched a high and low of Rs228.65 and Rs220 respectively.

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