The steel production momentum of FY21 failed to carry over in the first quarter of FY22. In Q4FY21, top domestic producers - Tata Steel, JSW Steel, and Jindal Steel and Power's steel production rose above pre-Covid levels. This was in response to the rising demand for steel from infrastructure and realty companies, and the soaring price of finished steel and steel products. However, in Q1FY22 operations were disrupted due to state-wide lockdowns. This lowered steel production volumes sequentially.
