Jindal Stainless sales volume rise 23Percentage in FY22

20 Apr 2022 , 01:33 AM

Jindal Stainless JSL total sales volume for FY22 stood at 1011292 MT up by 23Percentage as compared to FY21 During Q4FY22 Companys sales volume stood at 269168 metric tonnesMT registering an uptick of 9Percentage on QoQ and 6Percentage on YoY basis The sales volume was backed by JSLs 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 Companys exports sales proportion doubled to 32Percentage of sales volumes in Q4FY22 as compared to 16Percentage Q4FY21 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