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Covid-19 impact: JSW crude steel production falls to 2.96 million tonnes in Q1

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Mumbai: JSW Steel, the flagship business of 12 billion dollar JSW Group, on Friday reported crude steel production of 2.96 million tonnes in the first quarter of the current financial year (April to June).It had reported crude steel production of 4.24 million tonnes in the corresponding period of previous fiscal (Q1 FY20) and 3.97 million tonnes in the January to March quarter (Q4 FY20).The company said its average capacity utilisation dropped to 76 per cent in June due to a fall in production at Vijayanagar works as certain employees tested COVID-19 positive.The production of flat-rolled products totalled 2.05 million tonnes in Q1 FY21 as compared to 2.87 million tonnes in Q4 FY20 and 2.91 million tonnes in Q1 FY20.The production of long.

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