JSW Steel said its capacity utilisation at Indian operations level stood at 94 per cent for the December quarter. It said JSW Steel USA – Ohio reported better volumes on improved demand, both on sequential and YoY basis.
JSW Steel recently witnessed a surge, in line with the broader rally in the metal sector. The recent breakdown on the counter was accompanied by substantial trading volumes.
JSW Steel: Quoting a source close to the discussions, the report by Reuters suggested that discussions between JSW Steel and Teck over the stake sale had slowed down, though work on the paperwork was going on.