JSW Steel Limited leading Flat Steel manufacturer reports its Crude Steel production for Q2 FY 2013-14, at 2.98 million tones showing a growth of 37%.
The break-up of production is as below:
|
Particulars |
2Q FY'14 |
2Q FY'13 (Reported) |
2Q FY'13 (Pro forma)* |
Growth |
|
|
Reported |
Pro forma |
||||
|
Crude Steel (MnT) |
2.98 |
2.17 |
2.82 |
37% |
6% |
|
Rolled Products |
2.45 |
1.45 |
2.07 |
69% |
18% |
|
Rolled Products |
0.46 |
0.45 |
0.45 |
3% |
3% |
*re-classified for the purpose of comparison after giving effect to the Scheme of Amalgamation and Arrangement
The Company achieved Crude Steel production of 5.84 million tonnes in the first half of FY'14, showing a growth of 35% (on Pro forma basis 3%) over corresponding period of last year.
The Company took shutdown of one of its Corex furnaces for relining and capacity enhancement during the quarter and the same has recommenced production from 12th September 2013.
JSW Steel Ltd., belonging to the JSW group, part of the O P Jindal Group, is one of the lowest cost steel producers in the world.
JSW Steel Limited is engaged in manufacturing of flat and long products viz. HR Coils, CR Coils, Galvanised products, Galvalume products, Colour coated products, auto grade / white goods grade CRCA Steel, Bars and Rods.
Source: JSW Press Release
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