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Steel mills revived production in May

India city Mumbai Government
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MUMBAI : After an unprecedented fall in domestic steel production in April due to the covid-led lockdown, large Indian steelmakers increased production in May.

Preliminary numbers from two large firms, JSW Steel Ltd and Jindal Steel and Power Ltd (JSPL), and industry estimates for others, suggest that average capacity utilization improved to 75%.

However, steel companies are exporting the bulk of products, while selling at a discount in India to boost sales, and profit margins are under pressure.JSW Steel ramped up its average capacity utilization to 83% in May, up from 38% in April.

Crude steel production was at 1.248 million tonnes, up 122% over April, but lower than the 1.453 million tonnes in May 2019.

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Deaths: 237 619
Recovered: 0
Detail statistic
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Covid-19.rehab - the latest news concerning the spread of the SARS-CoV-2 coronavirus (formerly 2019-nCoV), as well as the infectious disease that it causes COVID-19, in separate countries and in the world as a whole. Current news on the topic of coronavirus SARS-CoV-2. Quarantine, pandemic 2020, epidemic: what is it, when will it come to end, precautions and how to protect yourself from this disease. The most honest news, no fakes! To keep up with the latest news, stay tuned for updates on the site! Every day we will collect news and statistics on coronavirus from around the world for you to be aware of this topic.

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