JSW Steel capacity utilization improves to 89% in Oct '20
Nov 13, 2020 10:00
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JSW Steel has reported an increase in capacity utilization to 89% in Oct '20, as per a recent release in BSE. In Q2 FY'21, the company reported average capacity utilization of 86% in Q2 FY'2. The crude steel production for the month of Oct,20 was at 1.338 mn t showing a growth of 4% over Sep'20 and 7% over Oct'19.
Major highlights are as follows:
Flat steel production up 6% m-o-m:The company’s flat-rolled production grew by 6% in Oct’20 to 0.976 mn t over 0.92 mn t in Sep’20. According to data maintained with SteelMint, the price spread between HRC-CRC widened to INR 10500/t in Oct '20 against INR 8000/t in