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Top four steel players' production rises 6% to about 15 MT in Oct-Dec

11 Jan,2021
<p style="text-align: center;"><img title="1610344933135412.jpg" alt="8.jpg" src="/ueditor/php/upload/image/20210111/1610344933135412.jpg"/></p><p>The country&#39;s top four steel makers jointly produced 14.95 million tonne (MT) steel in the October-December quarter of the current fiscal, registering a 6 per cent year-on-year rise. The total steel output of JSPL, JSW Steel, SAIL and&nbsp;Tata Steel&nbsp;India was 14.09 MT during the same quarter of 2019-20.<br/><br/>During the quarter under review, the total sales of the steel producers - excluding JSW Steel - surged 2.25 per cent to 10.88 MT, as against 10.64 MT in the year-ago quarter, according to the data provided by the companies.<br/><br/>Among all four steel players, Tata Steel India was the top producer in the October-December period of FY21. Its total output from India operations was 4.60 MT during in the quarter.</p><p><br/></p><p>At 4.60 MT, the company&#39;s output was 3 per cent higher compared to 4.47 MT steel it had produced in the year-ago period.<br/><br/>Its sales from India operations slipped 4 per cent to 4.66 MT from 4.85 MT.<br/><br/>State-owned&nbsp;Steel Authority of India Ltd&nbsp;(SAIL) production grew 9 per cent to 4.37 MT steel during October-December compared to 4 MT a year ago.<br/><br/>Its total sales were at 4.32 MT, up about 6 per cent from 4.09 MT in the same quarter preceding fiscal.<br/><br/>JSW Steel&#39;s output during the period under review rose 2 per cent to 4.08 MT, as against 4.02 MT in the year-ago period.<br/><br/>The company did not provide its sales figures for the quarter.<br/><br/>Jindal Steel and Power Ltd&nbsp;(JSPL) output surged 18 per cent to 1.9 MT in the October-December quarter from 1.6 MT a year ago.<br/><br/>Its sales increased by 12 per cent to 1.9 MT from 1.7 MT.<br/><br/>JSPL, JSW Steel, SAIL and Tata Steel India jointly contribute about 45 per cent to India&#39;s total steel production annually.</p>
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