-8.00 (-0.64%) JSW Steel has reported quarterly crude steel production of 3.86 million ton (MT) for Q3FY17 with a growth of 43% over the corresponding quarter (Q3FY16). The production of rolled products (long) increased to 0.74 MT compared to 0.63 MT in Q3FY16, representing a growth of 18%. The production of rolled products (flat) during the quarter increased to 2.83 MT as compared to Q3FY16 of 1.87 MT, a rise of 52%.
For 9M FY 2016-17, the company has reported crude steel production of 11.70 MT which is 25% growth over corresponding period of FY 2015-16.
JSW Steel is part of the JSW group which, in turn, is a part of the O P Jindal group. 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.