JSW STEEL STICKS 11% RISE IN CRUDE STEEL PRODUCTION

JSW Steel achieves impressive Q1 FY24 performance, with 6.43 million tonnes of consolidated crude steel production, up 11% YoY

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JSW Steel, a leading steel manufacturing company, announced its consolidated crude steel production for the first quarter of FY24, which stood at 6.43 million tonnes. This represents a growth of 11% compared to the previous year. The company’s total production, including both Indian and US operations, reached 6.61 million tonnes. The Indian operations alone achieved a production of 6.19 million tonnes, marking a 10% YoY growth, while the JSW Steel USA-Ohio contributed 0.24 million tonnes. The positive Q1 business update led to a 1.5% increase in JSW Steel’s shares, reaching Rs 804.3 in early trade. Over the last month, the stock has surged by 11%, and in the last year, it has risen by 43%.