India steelmaker Jindal Saw’s iron ore pellet production surged by 54.33pc to 367,300mt in Q4 (Jan-Mar) FY21 compared to prior year quarter. Sales volume was up by 35.08pc to 262,000mt in the same period.
The company claims that its pellet segment performed well due to steep rise in steel and base metal prices. Despite challenging market conditions in FY21, its sales and order book has shown remarkable improvement in Q4 compared to prior-year quarter.
In FY21, company’s pellet sales dipped by 5.07pc to 12,64,500mt compared to prior year.
The company’s saw pipe production increased by 14pc to 179,000mt in the quarter as it managed to secure orders owing to sharp increase in steel prices.
DI pipes and pig iron production increased by 9.33pc to 131,200mt in Q4 compared to prior year quarter. The company is gradually raising production amid efficient execution of orders and better preparedness for the post-COVID unlocking process.
Outlook
Indian government focus on infra spending will help in boosting the demand in oil, Gas, and water segment, the company said, expecting healthy orders from both domestic and exports market in Oil, Gas and Water sector.
The company is closely watching central and state governments’ increased focus on water and irrigation sectors.
Jindal Saw Q4 Production and Sales:
| Particulars unit: MT | Q4 FY2020 | Q4 FY2021 | Change Y-o-Y |
| Pellet production | 238,000 | 367,300 | 54.33% |
| Pellet sales | 262,000 | 353,900 | 35.08% |
| Pipes & Pig iron Production | 313,000 | 366,500 | 17.09% |