financetom
Market
financetom
/
Market
/
JSW Steel's combined production grows 12% to 5.68 MT in July-September
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
JSW Steel's combined production grows 12% to 5.68 MT in July-September
Oct 10, 2022 7:48 AM

JSW Steel has reported a 12 percent year-on-year growth in its combined steel production at 5.68 million tonne (MT) in the quarter that ended September 2022. In the year-ago period, its combined steel output was at 5.07 MT, JSW Steel said in a statement.

Share Market Live

NSE

"JSW Steel reported its group combined crude steel production at 5.68 million tonne, registering a growth of 12 percent y-o-y, including the production at jointly controlled entities," it said.

The jointly controlled entities include Bhushan Power & Steel Ltd (BPSL) and JSW Ispat Special Products Ltd (JISPL).

Also Read: Paytm sees more than 3X loan disbursals in the September quarter

The production at 5.68 MT was 3 percent down compared to 5.88 MT in the April-June period of the ongoing fiscal year.

"The drop in production is attributable mainly to extended maintenance shutdowns in JISPL, subdued market conditions in the USA and lower capacity utilisation in other locations in India due to supply and logistics constraints in the sourcing of iron ore and a steep decline in export volumes," it said.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
JGB yields dip with US peers; market ponders BOJ tapering
JGB yields dip with US peers; market ponders BOJ tapering
Jun 12, 2024
TOKYO, June 13 (Reuters) - Japanese government bond (JGB) yields slipped on Thursday, tracking a decline in their U.S. peers, although moves were rangebound ahead of the Bank of Japan's (BOJ) monetary policy decision this week. U.S. Treasury yields, with which the JGB market tends to move in tandem, fell overnight after cooler-than-expected domestic consumer prices raised hopes the Federal...
Sector Update: Tech
Sector Update: Tech
Jun 12, 2024
03:44 PM EDT, 06/12/2024 (MT Newswires) -- Tech stocks gained late Wednesday afternoon with the Technology Select Sector SPDR Fund (XLK) climbing 2.1% and the SPDR S&P Semiconductor ETF (XSD) adding 1.9%. The Philadelphia Semiconductor index added 2.1%. In corporate news, Ciena (CIEN) shares spiked 5.6% after Morgan Stanley upgraded the company's stock to overweight from equalweight while raising its...
India bond market to wait for fiscal roadmap clarity before next rally, says Citi
India bond market to wait for fiscal roadmap clarity before next rally, says Citi
Jun 12, 2024
MUMBAI, June 13 (Reuters) - Investors are likely to await clarity on India's fiscal consolidation path in the forthcoming government budget before propelling the next leg of a bond market rally, a top Citi India executive said. The benchmark bond yield was at 6.99%, down 19 basis points so far in 2024 on lower supply and strong foreign inflows. Once...
Euro zone bond yields climb as Fed officials see just one rate cut in 2024
Euro zone bond yields climb as Fed officials see just one rate cut in 2024
Jun 13, 2024
June 13 (Reuters) - Euro zone borrowing costs rose on Thursday as Federal Reserve policymakers' median projection for the number of interest rate cuts this year fell to just one from three in March. The bloc's yields recorded their biggest daily fall since mid-May on Wednesday after economic data showed U.S. inflation was softer than expected. Money markets priced in...
Copyright 2023-2025 - www.financetom.com All Rights Reserved