Having achieved a record profit of Rs. 5,900 crores in the June quarter, JSW Steel has set its eye on the next phase of growth. The upturn in steel prices has come when the doubling of its Dolvi plant to 10 MTPA is close to completion. Seshagiri Rao02 Aug, 2021 - Special Correspondent
Tata Steel has tied up with an Indian start-up to deploy Electric Vehicles for its steel transport. This endeavour marks the first-ever deployment of Electric Vehicles by any steel producer in the country for transportation of finished steel. Tata Steel has contracted for 27 EVs,02 Aug, 2021 - Special Correspondent
JSW Steel (JSWS) reported better than expected realization and EBITDA for Q1FY22. Realization increased ~ Rs 11,765/te QoQ ( Similar to Q4 over Q3), much higher than expectations. Ebitda increased Rs 6500/te QoQ to Rs 26,291/te. Raw material costs + mining premium increased by Rs 3784/te QoQ.
India's crude steel production rose by 21.4 percent year-on-year to 9.4 million tonnes (MT) in June, according to the World Steel Association. The crude steel output was 6.9 MT steel in the same month a year ago.