Iron and Steel

India: JSW Crude Steel Output Up 5% in August

India: JSW Crude Steel Output Up 5% in August
Mining News Pro - India’s largest steelmaker- JSW Steel has released their production results for the month of Aug’18 today. Company’s flat steel and long steel production remain largely stable in Aug’18.
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According to Mining News Pro -India’s largest steelmaker- JSW Steel has released their production results for the month of Aug’18 today. Company’s flat steel and long steel production remain largely stable in Aug’18.

Company’s crude steel output rises 5% M-o-M in Aug’18 - JSW Steel’s crude steel output stood at 1.44 MnT in Aug’18 witness the growth of 5% on monthly basis against 1.37 MnT in preceding month. On yearly basis the same moved up by 8% in Aug’18 as compared to 1.33 MnT in Aug’17.

Also company’s crude steel output recorded at 6.94 MnT during Apr-Aug’18, up.6..% Y-o-Y against 6.52 MnT in similiar time frame of previous year.

Company’s long steel output remain largely stable over dull demand - JSW long steel output remain on monthly basis to 0.305 MnT in Aug’18 as compared to 0.306 MnT in Jul’18.

Indian mills slashed rebar prices in the month of August by INR 500-1250/MT over seasonal slowdown and dull trades prevailing in domestic market.

However on yearly basis the same moved up by 10% on yearly basis in Aug’18 against 0.278 MnT in Aug’17.

Company’s flat steel output inch down 1% M-o-M in Aug’18- JSW flat steel output inch down by 1% on monthly basis.Company’s flat steel output stood at 0.981 MnT in Aug’18 which was 0.986 MnT in previous month.

However on yearly basis the same remain unchanged in Aug’18 and Aug’17.

In the month of August major Indian steelmakers cut flat steel prices by INR 700-1000/MT owing to ongoing monsoon season amid subdued demand in domestic market.

JSW Steel Production Analysis-

Particulars

Aug`18

Jul`18

M-o-M(%)

Aug`17

Y-o-Y(%)

CrudeSteel

1.44

1.378

+5%

1.330

+8%

FlatRolledProducts

0.981

0.986

-1%

0.98

-

LongProducts

0.305

0.306

-

0.278

+10%

Source- Company Reports

JSW Steel`s expansion plans - JSW Steel is set to increase its Vijaynagar, Karnataka plant capacity by 1 MnT (from the current level of 12 MnT) whereas in case of Dolvi plant in Maharashtra, the company plans to double current capacity of 5 MnT by March 2020 . Thus, the total capacity addition from JSW Steel over next two years is estimated to be around 24 MnT.

 


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