JSW Steel’s Crude Steel production falls 60% in April
MUMBAI (Scrap Register): JSW Steel produced 0.563 million tonnes of crude steel in April 2020, a 60% decline as against 1.393 million tonnes in the same month last year as the steel maker was operating at low capacities due to the nationwide lockdown.
The average capacity utilisation was clocked at 38% for April 2020, the company said in a statement. “To commence and scale up production in a healthy and safe state of operating conditions, the Company secured requisite approvals and has accordingly commenced operations and is gradually ramping up capacity since then,” JSW said in a statement.
The company on March 25 th announced in a BSE Filing on scaling down and suspending production to support the ongoing Covid-19 pandemic.
Total flat rolled production declined 64% and was recorded at 0.344 million tonnes as against 0.953 million tonnes in April 2019. Rolled long production too fell 73% to 89000 tonnes.