India: JSW Increased Long Steel Production by 28% M-o-M in Aug’17
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JSW Steel - India’s largest steel maker has recorded an increase of 5% M-o-M in its crude steel output from 1.278 MnT in Jul’17 to 1.337 MnT in Aug’17.
However on yearly premises, company’s crude steel output has witnessed decline of 1%.
Long steel output up 28% M-o-M in Aug’17 - JSW Steel’s long steel production stood at 0.278 MnT in Aug’17 compared to 0.217 MnT in Jul’17, up 10.8% Y-o-Y. As per sources, the company increased its long steel prices by INR 1,000/MT for Aug’17 deliveries.
Flat steel production increased marginally in Aug’17 - JSW Steel’s flat steel output was recorded at 0.979 MnT in Aug’17 against 0.974 MnT in Jul’17, up 0.5%. However on yearly premises, it has moved up by 1%. As per sources the company hiked flat steel prices up to INR 1,500/MT in Aug’17.
JSW Steel Production Analysis
| Particulars | Aug’17 | Jul’17 | M-o-M (%) | Aug’16 | Y-o-Y (%) |
| Crude Steel | 1.337 | 1.278 | +5% | 1.352 | -1.1% |
| Flat Rolled Products | 0.979 | 0.974 | +0.5% | 0.971 | +1% |
| Long Products | 0.278 | 0.217 | +28% | 0.251 | +10.8% |
Fig in MnT
Source: Company Reports
JSW Steel is India’s largest steel maker in terms of production and achieved 26% Y-o-Y growth in its crude steel output in FY17 with output of 15.8 MnT. The steel maker achieved 100% production guidance laid in the last fiscal. The company has three plants located in Vijayanagar, Dolvi and Salem and has a total crude steel making capacity of 18 MnT pa.
