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JSW Steel production crashes 60% in April

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MUMBAI: JSW Steel produced 0.56 million tonne of crude steel in April, almost 60% lower year-on-year, with capacity utilisation falling 38% in the first full month of the covid-19 induced lockdown.

JSW Steel is the first among large steel producers in India to announce monthly production numbers. India’s second largest private steelmaker produced 0.34 mt of flat steel products, used to build automotives and heavy machinery, compared with 0.95 mt in the previous year.

Production of long steel, used in construction and infrastructure, crashed to 0.09 mt in April from 0.34 mt a year ago. Despite steel production classified as an essential service and a continuous process industry that was allowed to operate through the lockdown, production

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