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JSW Steel production drops in May due to maintenance shutdown
The Business Guardian
|June 11, 2024
JS SW Steel reported a 4 per cent decline in its crude steel production in May at 20.98 lakh tonnes, the company informed in a release on Monday.
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The crude steel production was lower year-on-year mainly due to a planned maintenance shutdown for one of the Blast Furnaces at Dolvi, the company said. The Blast Furnace has been restarted in the first week of June.
Capacity utilisation at its India operations stood at 86 per cent in May.
JSW Steel is the flagship business of the diversified USD 24 billion size JSW Group. JSW Group also has business in energy, infrastructure, cement, paints, sports, and venture capital.
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