Jindal Steel & Power (JSPL) saw standalone sales rise 1% on-year in November to 562,000 tonnes, with exports contributing to 21% of shipments, down from a 28% share in October.

Standalone steel production rose 15% last month to 614,000t.

“Our performance is in line with the India growth story; domestic steel demand is rising in H2 FY21 and so is JSPL’s production,” says JSPL managing director VR Sharma. “With domestic markets recovering the company is focusing more on value-added products. We believe the company’s portfolio will witness further strength in Q3 and Q4 of the financial year.”

The Indian steelmaker said last month the domestic economy is on the path to recovery, with healthy steel demand foreseen ahead (see Kallanish passim). Standalone steel sales in the September quarter rose 29% on-year to 1.93 million tonnes thanks to a revival in Indian domestic demand following the easing of the Covid-19 lockdown. This was followed by a 10% on-year growth in October.