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JSW Steel's Consolidated Steel Production Slips 1% in April

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JSW Steel's (NSE:JSWSTEEL, BOM:500228) 1% year-on-year decline in consolidated crude steel production to 2.12 million tons in April from 2.14 million tons a year ago, according to a Tuesday filing on Indian exchanges.

Production was impacted by the ongoing shutdown of Blast Furnace-3 at the Vijayanagar plant for capacity expansion, it said.

Crude steel output from Indian operations was down 1% year-on-year to about 2.04 million tons, the company said in the filing.

Excluding BF3 production from last year's base, year-on-year volumes grew 10%, driven by the full ramp-up of the operations of its subsidiary JSW Vijayanagar Metallics.

Output at the company's Ohio facility in the U.S. declined 7% year-on-year to 78,000 tons.

The capacity utilization for Indian operations for the month, excluding the BF3 capacity, was at 94%, and including BF3 capacity was at 83%.

The company's shares were down nearly 1% in recent trade.

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