Jindal Stainless targets stainless steel exports of over 18,000t in June
2020-06-05 11:06:03 [Print]
Jindal Stainless Ltd. ("JSL") on Thursday said it will export over 18,000t of stainless steel in June to its customers in Russia and a few European countries.
In May, the company had dispatched over 12,000t in export markets, JSL said in a statement.
"With India yet to completely lift the lockdown, JSL's strategic initiative to recapture volumes in the export markets is yielding encouraging results," the Company said. "In June, the company aims to dispatch over 18,000t, taking the export volume back to pre-COVID-19 period. In normal months, its exports hover around 18-20% of total output," it said.
JSL has gradually ramped up its operations since reopening its manufacturing facility in the first week of May. By the end of May, its capacity utilization reached 40%, and with the gradual easing of lockdown, the company plans to increase it further in coming weeks.
In May, the company had dispatched over 12,000t in export markets, JSL said in a statement.
"With India yet to completely lift the lockdown, JSL's strategic initiative to recapture volumes in the export markets is yielding encouraging results," the Company said. "In June, the company aims to dispatch over 18,000t, taking the export volume back to pre-COVID-19 period. In normal months, its exports hover around 18-20% of total output," it said.
JSL has gradually ramped up its operations since reopening its manufacturing facility in the first week of May. By the end of May, its capacity utilization reached 40%, and with the gradual easing of lockdown, the company plans to increase it further in coming weeks.
