JSW Steel decline on reporting 4% fall in consolidated crude steel production in May 2024
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JSW Steel is currently trading at Rs. 908.25, down by 3.75 points or 0.41 % from its previous closing of Rs. 912.00 on the BSE.
The scrip opened at Rs. 910.00 and has touched a high and low of Rs. 913.85 and Rs. 900.85 respectively. So far 20982 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 929.80 on 22-May-2024 and a 52 week low of Rs. 723.15 on 01-Nov-2023.
Last one week high and low of the scrip stood at Rs. 917.45 and Rs. 824.10 respectively. The current market cap of the company is Rs. 221313.58 crore.
The promoters holding in the company stood at 44.81%, while Institutions and Non-Institutions held 36.39% and 18.81% respectively.
JSW Steel has reported consolidated crude steel production for the month of May 2024 at 20.98 lakh tonnes, declining by 4% Year-on-Year over 21.78 lakh tonnes in May 2023. The crude steel production was 4% lower YoY mainly due to a planned maintenance shutdown for one of the Blast Furnaces at Dolvi. The Blast Furnace has been restarted in the 1st week of June 2024. The capacity utilisation at Indian Operations stood at 86% for May 2024.
The company reported production of 20.13 lakh tonnes from Indian Operations in May 2024 over 20.93 lakh tonnes in May 2023, a de-growth of 4%. JSW Steel USA - Ohio’s crude steel production stood at 0.85 lakh tonnes in May 2024.
JSW Steel is one of the largest steel manufacturing companies in India having units in Karnataka and Maharashtra producing crude steel, long steel and flat steel products.
