JSW Steel reported 3.97 million tons crude steel production for Q4 FY 2019-20. The Company's crude steel production during January and February 2020 in aggreagate was higher than that of previous year by 1%. The slow down in economic activity due to unanticipated breakout of pendemic COVID19 and consequent nation wide lockdown in the later part of March 2020 led to a sharp fall in production across plant locations.
The break-up of production is as below:
|Product||Q4 FY20||Q3 FY20||Q4 FY19||Growth QoQ||Growth Yoy|
|Crude Steel (Mn T)||3.97||4.02||4.17||-1%||-5%|
|Rolled Products - Flat (Mn T)||2.87||2.86||3.01||1%||-5%|
|Rolled Products - Long (Mn T)||0.95||0.89||0.99||7%||7%|
The break-up of production for FY 2019-20 is as below:
|Crude Steel (Mn T)||16.06||16.69||-4%|
|Rolled Products - Flat (Mn T)||11.35||11.74||-3%|
|Rolled Products - Long (Mn T)||3.72||3.87||-4%|
The Company achieved 97.3% of revised production guidance of 16.50 Million tonnes of FY 2019-20. The Company could have almost achieved the revised guidence if there was no such exceptional events Viz. COVID19.
The Company is making all preparations to recommence operations at all locations on lifting of lockdown in the next few days.
Shares of JSW STEEL LTD. was last trading in BSE at Rs.140 as compared to the previous close of Rs. 142.95. The total number of shares traded during the day was 1011625 in over 11539 trades.
The stock hit an intraday high of Rs. 148.05 and intraday low of 132.5. The net turnover during the day was Rs. 138814566.