JSW Steel reports 5% drop in steel output after diverting oxygen supplies

Indian steel producer JSW has reported a 5% drop month-on-month in crude steel production in April 2021, as a result of diverting oxygen supplies to hospitals to help treat coronavirus infections, the company has said in an announcement via the Bombay Stock Exchange.

Capacity utilization was lower month-on-month in April due to prioritizing supplies of liquid oxygen for medical purposes over steel production, JSW said. The average capacity utilization rate was 91% during April, against 96% in March.

During April 2021,...

Published

Carrie Bone

May 14, 2021

17:10 GMT

London