JSW Steel announces May 2024 crude steel output of 20.98 lakh tonnes, marking a 4% decline from the same period last year.

JSW Steel has reported its crude steel production for May 2024, posting a production of 20.98 lakh tonnes, which is a 4% year-on-year (YoY) decline. This figure is lower compared to the 21.67 lakh tonnes produced in May 2023. Despite the decline, the production volume for the month is still relatively stable compared to the previous month, when the company produced 20.85 lakh tonnes. The YoY decline is likely due to various factors such as raw material supply chain disruptions and fluctuations in demand. However, JSW Steel has been working to optimize its operations and improve productivity, which has helped the company maintain its production levels overall. The company’s production figures for May 2024 are in line with market expectations, and investors will be monitoring the company’s performance closely as it looks to increase its steel production and profitability in the coming months.