Shares of JSW Steel saw a slight increase after the company reported a consolidated crude steel production of 23.16 lakh tonnes for August 2024. This marks a steady growth in production for the company.
As of 9:30 am, JSW Steel’s shares were trading 0.82% higher at ₹935.35 on the National Stock Exchange (NSE).
The company’s production performance in August shows a year-on-year improvement, which has boosted market sentiment, contributing to the stock’s rise today.
The Company commissioned all major facilities to expand its capacity from 3.5 MTPA to 4.5 MTPA at BPSL. Production ramp-up is expected gradually by Q3 FY25. Monthly Crude Steel production was higher by 2% YoY in the Indian Operations with a capacity utilisation of 91%. US operations remained flattish. Consolidated crude steel production grew by 1% YoY.
