JSW Steel posts 21% yoy growth in crude steel production for Feb'22; stock skids 2%

8 Mar 2022 , 10:14 AM

In its press release today, JSW Steel Limited reported a crude steel production of 15.80 lakh tonnes in February 2022, which reflected a growth of 21% yoy against the production of 13.06 lakh tonnes in February 2021.

Rolled products-flat production stood at 11.54 lakh tonnes during February 2022, as compared to 9.27 lakh tonnes in February 2021, registering a growth of 25% yoy on a standalone basis.

JSW Steel reported production of 3.67 lakh tonnes for rolled products-long during February 2022, as compared to 3.40 lakh tonnes in February 2021, up by 8% yoy.

While the company reported an average capacity utilization on expanded capacity at 88%, the utilization was at 98% excluding the Dolvi expansion project.

JSW Steel was trading 2.39% lower at Rs621.90 against its previous closing price of Rs637.15 on NSE. It touched the intraday high and low of Rs639.95 and Rs619.05 respectively.