JSW Steel Limited one of the largest flat steel manufacturer has reported a growth of 29% in the production of crude steel to reach a total quantity of 9.85 lakh tons for the month of August, 2013.
The break-up of production (in lac tons) is as below:
|
Particulars |
Aug'13 |
Aug'12 (Reported) |
Aug'12 (Pro forma)* |
Growth |
|
|
Reported |
Pro forma |
||||
|
Crude Steel |
9.85 |
7.63 |
10.00 |
29% |
-2% |
|
Rolled Products : Flat |
8.24 |
5.14 |
7.35 |
60% |
12% |
|
Rolled Products : Long |
1.28 |
1.48 |
1.48 |
-13% |
-13% |
The capacity utilization at Vijayanagar works remains at around 80% due to iron ore shortage caused by inordinate delays in opening Category A & B mines even after Honourable Supreme Court order in April 2013 to resume mining operations.
The Company took shutdown of one of its Corex furnaces for relining and capacity enhancement and the same is expected to recommence production during 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. H R Coils, CR Coils, Galvanized products, Galvalume products, Colour coated products, auto grade / white goods grade CRCA Steel, Bars and Rods. Incorporated in 1994, it has grown to about US $11 billion in little over fifteen years. JSW Steel Limited is one of the largest producers and exporters of coated flat products in the country with presence in over 100 countries across five continents.
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