JSW Steel Q3 production up 16% to 3.19 MT

JSW Steel's crude steel production during the third quarter of the current fiscal went up by 16 percent to 3.19 million tonnes (MT). The company had produced 2.76 MT crude steel in the same quarter of the last fiscal on pro-forma basis, it said in a statement issued today.

While the production of flat products grew by 17 percent at 2.57 MT during the October-December quarter, the production of long products saw a nine percent decline to 0.44 MT. Flat products are mainly used in automobiles and white goods sectors while long products find application in construction sector.

Production of JSW Steel, which completed the merger of JSW Ispat in June 2013, in the month of December grew by 11 percent to 1.05 MT as compared to 0.95 MT a year ago. The production of flat and long products was at 0.87 MT and 0.15 MT, respectively during the month. For the nine-month period of current fiscal, production of the company stood at 9.03 MT as compared to 8.42 MT during the April-December period of last fiscal.