JSW Steel today reported a 28 percent year-on-year growth in its combined crude steel output for the quarter ended December at 5.35 million tonnes.
Sequentially, the combined output rose six percent, the company said in a press release.
On a standalone basis, the company recorded production of 4.41 million tonnes, registering a sequential and year-on-year growth of eight percent each.
Capacity use at the standalone level was 94% during the December quarter.
Output would have been higher had it not been for Bhushan Power & Steel’s continuous strip plant being shut down for 10 days for upgrade, the company said.
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For the nine-month period of April-December, the company recorded crude steel production growth of 15 percent on a standalone basis at 12.61 million tonnes and 39 percent at the group level at 15.50 million tonnes.