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Top Four Steel Player’s Production Rises 6 Percent to About 15 MT in Oct-Dec

India’s top four steel makers jointly produced 14.95 million tonne (MT) steel in the October-December quarter of the current fiscal, registering a 6 percent year-on-year rise.

January 10, 2021

Steel
JSPL, JSW Steel, SAIL and Tata Steel India jointly contribute about 45 percent to India’s total steel production annually.

The total steel output of JSPL, JSW Steel, SAIL and Tata Steel India was 14.09 MT during the same quarter of 2019-20.

As reported in a leading daily, during the quarter under review, the total sales of the steel producers, excluding JSW Steel— surged 2.25 percent to 10.88 MT, as against 10.64 MT in the year-ago quarter, according to the data provided by the companies.

Among all four steel players, Tata Steel India was the top producer in the October-December period of FY21. Its total output from India operations was 4.60 MT during in the quarter. At 4.60 MT, the company’s output was 3 percent higher compared to 4.47 MT steel it had produced in the year-ago period. Its sales from India operations slipped 4 percent to 4.66 MT from 4.85 MT.

Also Read: Top cable Companies in India 2020

State-owned Steel Authority of India Ltd. production grew 9 percent to 4.37 MT steel during October-December compared to 4 MT a year ago. Its total sales were at 4.32 MT, up about 6 percent from 4.09 MT in the same quarter preceding fiscal.

JSW Steel’s output during the period under review rose 2 per cent to 4.08 MT, as against 4.02 MT in the year-ago period.

Jindal Steel and Power Ltd. (JSPL) output surged 18 percent to 1.9 MT in the October-December quarter from 1.6 MT a year ago. Its sales increased by 12 percent to 1.9 MT from 1.7 MT.

JSPL, JSW Steel, SAIL and Tata Steel India jointly contribute about 45 percent to India’s total steel production annually.

Wire & Cable India