JSW Steel crude steel production rises 17% YoY in Q3FY23

JSW Steel on Monday reported its group combined crude steel production at 6.24 million tonnes for Q3FY23 registering a growth of 17% YoY, including the production at jointly controlled entities. 

The production was higher by 10% QoQ due to improved average capacity utilisation to 91% versus 84% in Q2 FY23 at JSW Steel and Bhushan Power & Steel and also the restart of steel manufacturing operations at JSW Ispat Special Products with effect from November 14, 2022 post completion of the shutdown undertaken in July 2022.

JSW Steel's standalone crude steel production was up by 20% YoY and 9% QoQ at 6.06 million tonnes in Q3 FY23.

The combined volumes increased by 30% YoY to 17.25 million tonnes for 9M FY23.