JSW Steel reports increase in steel production

JSW Steel on Friday reported 6 per cent growth in its crude steel production at 13.61 lakh tonne (LT) for the month of April 2018.  

The domestic steel giant had produced 12.88 LT crude steel in April 2017, the company said in a regulatory filing. 

The company’s flat rolled products registered a 4 per cent rise in production at 9.67 LT as compared to 9.32 LT in April 2017. Whereas, the its long rolled products grew 9 per cent to 3.24 LT from 2.96 LT in April 2017. The flat products are generally used in automotive and consumer durables sectors whereas long products are mostly used in construction industry. 

On Friday, JSW Steel closed at Rs. 32.75 per share, up Rs. 4.20 or 1.31 per cent on NSE. The stock opened at Rs. 320.60 and touched an intraday high of Rs. 325.25 per share on NSE. The stock attracted a trading volume of 22,07,732 shares on NSE.