JSP's steel production stood at 6.57 lakh tonnes in February 2022 which was modestly higher than previous year (+1% Y-o-Y). Exports contributed 24% to the sales volumes.

“The World has started feeling the heat of the unfortunate Russia- Ukraine conflict. Brent & energy prices are skyrocketing due to the full scale war in Eastern Europe. Input costs for Steam coal, Coking Coal and Ferro alloys are witnessing substantial rise which has resulted in higher steel prices. While we hope and pray for faster resolution of the conflict, it will take at least six months for markets to stabilize post war. Higher input costs should therefore result in continued rise in steel prices as the industry grapples with containing cost pressures," said Mr VR Sharma, Managing Director, JSP in a statement.