On July 26, India's largest steelmaker JSW Steel (JSW) announced its latest financial results for the first quarter (ended June 30) of the financial year 2012-13. In the given period, JSW reported its highest ever quarterly crude steel production with 2.14 million mt, up 27 percent compared to the corresponding quarter of the previous financial year.
In the first quarter of the financial year, JSW also posted 36 percent growth in its flat rolled production and 27 percent growth in its long rolled product output, both compared to the same quarter of the previous year.
Meanwhile, in the given quarter JSW's turnover increased by 30 percent to INR 99.1 billion ($1.8 billion) as compared to the same quarter of the previous year. While JSW's net sales value rose to INR 90.3 billion ($1.63 billion) in the given quarter, up by 28 percent year on year, its sales volume increased by 23 percent year on year to 2.1 million mt in the given period.