JSW Steel, one of India's leading steel producers, has reported a 7% year-on-year increase in consolidated crude steel production for January 2024. The company said its consolidated production reached 23.62 lakh tonnes, compared to 22.02 lakh tonnes in the same period last year.
The performance is attributed to the growth in both Indian operations and JSW Steel USA in Ohio. In January 2024, Indian operations contributed 22.86 lakh tonnes, marking a notable 6% YoY increase from 21.53 lakh tonnes in January 2023.
| Particulars | January 2024 | January 2023 | YoY |
| Indian Operations | 22.86 | 21.53 | 6% |
| JSW Steel USA - Ohio | 0.76 | 0.49 | 55% |
| Consolidated Production | 23.62 | 22.02 | 7% |
Simultaneously, JSW Steel USA - Ohio reported a 55% annual growth, with production surging from 0.49 lakh tonnes in January 2023 to 0.76 lakh tonnes in January 2024.
#JustIN | JSW Steel January crude steel production up 7% at 2.36 mt vs 2.20 mt (YoY) pic.twitter.com/tfd1q5ORfc
— CNBC-TV18 (@CNBCTV18Live) February 14, 2024
The consolidated production figure of 23.62 lakh tonnes in January 2024 reflects the collective strength of JSW Steel's diverse operations. The company's capacity utilisation at the Indian Operations level stood at an impressive 97% for January 2024.
Also Read: Prestige Estates Q3 Results | Profit rises 2% to ₹165 crore, revenue declines 23% to ₹1,796 crore
(Edited by : Pihu Yadav)
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