JSW Steel reported its group combined crude steel production at 5.68 million tonnes for Q2 FY23 registering a growth of 12% YoY, including the production at jointly controlled entities. The crude steel production for Q2 FY23 declined 3% sequentially from 5.88 million tonnes in Q1 FY23. This drop in production was attributable mainly to extended maintenance shutdowns in JISPL, subdued market conditions in USA and lower capacity utilisation in other locations in India due to supply and logistics constraints in sourcing of iron ore and steep decline in export volumes.Powered by Capital Market – Live News
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