India’s JSPL targets further steel output rise after DRI plant restarts

Indian steel producer Jindal Steel and Power (JSPL) has reopened a major direct reduced iron (DRI) plant to boost its steel output by a further 1.5 million tonnes in the period from April 2020 to March 2021, the firm said on Tuesday January 14.

JSPL bucked the general trend of output cuts among India’s steel producers in late 2019, the company said in its quarterly results on January 2. Bumper sales of steel rail allowed the firm to raise overall group sales by 30% year on year and steel output by 22% year on year in the final quarter.

The firm’s projections for continued higher steel output in the coming year...

Published

January 14, 2020

10:48 GMT

Singapore