JSW Steel production declines by 4%

JSW Steel, reported crude steel production of 16.06 million tonnes in 2019-20 which marked a 4 per cent decline from 16.69 million tonnes in the previous fiscal year. The production for flat rolled products totalled 11.35 million tonnes in FY20, down 3 per cent from 11.74 million tonnes in FY19 while production for long rolled products tumbled 4 per cent to 3.72 million tonnes from 3.87 per cent. "The slow down in economic activity due to unanticipated breakout of pandemic COVID-19 and consequent nationwide lockdown in the latter part of March 2020 led to a sharp fall in production across plant locations," said the company in a statement.