Sajjan Jindal-controlled JSW Steel will cut production by 20% starting this month in the wake of the current market turmoil. JSW will utilise the time for general maintenance of its facilities. The company plans to rationalise its product-mix as well. At the end of September, JSW was carrying an inventory of 2 lakh tonnes compared to a production of 3.5 lakh tonnes a month. Moreover, there was some inventory build-up in October as well.
The normal inventory level for the steel industry is of seven days, which has now increased to three weeks. In tandem, prices have crashed over the last 2-3 months. Hot rolled coil, which was selling at $1,200-1,250 a tonne is now at $600-700 a tonne.
At present, JSW has a production capacity of four million tonnes at Vijaynagar and another one million tonne capacity at Salem. By December, capacity at its Vijaynagar facility will go up to seven million tonnes.
crackcrack| Company Name | CMP |
|---|---|
| Tata Steel | 211.65 |
| JSW Steel | 1274.85 |
| SAIL | 172.50 |
| Jindal Stainless | 789.80 |
| APL Apollo Tubes | 2141.55 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: