JSW’s Crude Steel Production: 16.06 Million Tons for FY 2019-20, Making all preparations to recommence operations at all locations on lifting of lockdown in the next few days

MUMBAI, 08th April 2020 (GNI): JSW Steel reported 3.97 million tons of crude steel production for Q4 FY 2019-20. The Company’s crude steel production during January and February 2020 in aggregate was higher than that of the previous year by 1%. The slow down in economic  activity  due to  unanticipated break out of pandemic  COVID19  and consequent nationwide lockdown in the later part of March 2020 led to a sharp fall in production across the plant locations.

The break-up of production is as below:       

Production :

4Q FY’20

3Q FY’20

4Q FY’19

Growth

QoQ

Growth

YoY

  Crude Steel (MnT)

3.97

4.02

4.17

-1%

-5%

  Rolled Products : Flat (MnT)

2.87

2.86

3.01

1%

-5%

  Rolled Products : Long (MnT)

0.95

0.89

0.99

7%

-4%

The break-up of production for FY 2019-20 is as below:

Particulars

FY’2019-20

FY’2018-19

Growth

  Crude Steel (MnT)

16.06

16.69

-4%

  Rolled Products : Flat (MnT)

11.35

11.74

-3%

  Rolled Products : Long (MnT)

3.72

3.87

-4%

The company achieved 97.3% of revised production guidance of 16.50 Million tonnes of FY 2019-20. The Company could  have almost achieved the revised guidance if there were no such exceptional events Viz. COVID19.

The Company is making all preparations to recommence operations at all locations on lifting of lockdown in the next few days..

JSW Steel Ltd. is the flagship company of the diversified US$ 14 billion JSW Group which has a leading presence in sectors such as steel, energy, infrastructure, cement, sports among others. From a single manufacturing unit in the early 1980s, JSW Steel Ltd, today, is one of the foremost integrated steel company in India with an installed capacity of 18 MTPA, and has plans to scale it up in India and overseas. 

JSW Steel’s manufacturing facility at Vijayanagar, Karnataka is the largest single location steel-producing facility in India with a capacity of 12 MTPA. The Company has been at the forefront of state-of-the-art, cutting-edge technology, research and innovation while laying the foundation for long-term growth. Strategic collaborations with global technology leaders to offer high-value special steel products for various applications across construction, automobile, appliances and other sectors. 

JSW Steel Ltd. has been widely recognised for its business and operational excellence. Key awards include Deming Prize for Total Quality Management for Vijayanagar Works (2018) and Salem Works (2019), DJSI RobecoSAM Sustainability Industry Mover Award (2018) among others.ends