India’s JSW Steel decreased its crude steel production by 10pc to 10.9mn mt in the first nine months of FY21 (ended December 31, 2020) against 12.1mn mt in the same period in FY20.
In the first three quarters of FY21, flat-rolled production declined by 7.1pc to 7.9mn mt while longs production fell 21.7pc to 2.16mn mt, both compared to the same year-ago period.
In Q3 FY21 (ended December 31, 2020), JSW Steel increased crude steel production by 1.5pc to 4.1mn mt against the same quarter a year ago. Flat-rolled production rose by 4.2pc while longs output rose 4.5pc in Q3 FY21 compared to the same period in FY20.
Compared with the preceding quarter, JSW Steel’s crude steel production increased by 6pc, flat-rolled production increased by 5pc, and longs production increased by 20.8pc. The increase in the third quarter reflects the continued recovery in the Indian steel sector after initial COVID-19 related shutdowns.