Team News Riveting
Raipur, October 11
JSW Steel, a flagship business of the diversified US$ 13 billion JSW Group, has reported group combined crude steel production at 5.07 million tonnes for the second quarter (Q2) of the financial year 2021-22 (FY’22).
The volume includes the production at jointly controlled entities viz. Bhushan Power & Steel Ltd. (BPSL) and JSW Ispat Special Products Ltd. (JISPL).
Though the company registered a growth of 29 per cent in the steel production Year-on-Year (YoY), it could retain the volume in Q2 quarter-on-quarter (QoQ). In the first quarter (April-June), JSW Steel had produced 5.07 million tonnes of steel. The shutdown for maintenance has been attributed for the pause in production.
During Q2’22, Vijayanagar works has taken planned shutdown for campaign repairs of two of its convertors and Salem works has taken annual shutdown of one of its Blast Furnaces, due to which the capacity utilisation remained at an average of 91 per cent in this quarter.
JISPL production for Q2’22 was lower mainly due to shutdown of power plant for maintenance and consequent impact on production at Raipur and shutdown of blast furnace for 3 days for
maintenance & stabilisation of slab caster at Raigarh.
