Sajjan Jindal-led JSW Steel on Wednesday said its crude steel output grew 2 per cent to 13.90 lakh tonnes (LT) during November this year.
The company had produced 13.62 LT crude steel in November 2017, it said in a statement.
It has registered a fall of 5 per cent in production of flat rolled products to 9.15 LT as against 9.59 LT in the same month last year.
However, the company registered a 17 per cent growth in the output of its long rolled products at 3.48 LT in November as compared to 2.99 LT in the year-ago month, JSW Steel said.
Last week, ratings agency Icra had said that domestic flat steel manufacturers may have to brace for a downward revision in prices, as threat of cheap imports into India in near-term has increased.
Domestic flat steel prices are likely to face temporary pressures from cheaper imports, it had said in a research report.
JSW Steel is a part of the diversified USD 13 billion JSW Group, which has a presence in steel, energy, infrastructure, cement, ventures and sports. It is the leading integrated steel company with an installed steel-making capacity of 18 million tonnes per annum (MTPA) in India.
The company’s Vijayanagar plant in Karnataka is the largest single location steel producing facility in the country with a capacity of 12 MTPA.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.