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JSW Steel stock declined on the bourses in early trading session mainly impacted by the fall in crude steel production. The stock was down 1% to Rs 256.15 on the BSE today.
JSW Steel had achieved crude steel production of 12.90 lakh tonnes in November 2019 compared to 13.90 lakh tonnes in November 2018, recording a decline of 7%. Production of flat rolled products declined 1% to 9.09 lakh tonnes while production of long rolled products declined 14% to 2.99 lakh tonnes in November 2019 over November 2018.
The company showed in November 2019, a sequential month on month growth of 3% in crude steel production. The blast furnaces, which was temporarily shut down in October 2019 due to slowdown in auto demand has recommenced operations in the last week of November 2019.
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