JSP posted 5% Y-o-Y rise in Steel Sales during May 2022
  • Steel sales of 5.25lakh tonnes increased 5% Y-o-Y in May
  • Production of 6.98 lakh tonnes were marginally higher Y-o-Y
  • Exports accounted for 21% of sales in May 22

Notwithstanding challenging demand conditions and constant issues faced with regards to railway rake availability, JSP did well to report a 5% Y-o-Y increase in steel sales in the month of May 22.

Monthly steel production was also up by a modest 1% (Y-o-Y). Exports accounted for 21% of steel sales for the May month. In Apr-May period, JSP reported steel sales of 9.91 lakh tonnes and production of 13.76 lakh tonnes. Exports accounted for 18% of the sales in the first two months of FY23.

JSPL is an industrial powerhouse with a dominant presence in the steel, power, mining and infrastructure sectors. Having an investment of 12 billion USD across the globe, the Company is continuously scaling its capacity utilisation and efficiencies to capture opportunities for Building a self-reliant India.