JSW Steel, reported steel production kept stable in November 2012. Crude steel production rose 0.33% to 6.03 lakh tons in November 2012 over November 2011. Production of long steel products jumped 30% to 1.67 lakh tons and that of flat steel products rose 20% to 5.15 lakh tons in November 2012 over November 2011.
JSW Steel said that the company took shutdown of one of its Corex furnaces for capital repairs and capacity enhancement during October 2012 and the unit is expected to re-start in January 2013. The capacity utilization for the balance units has come down to at around 70% at Vijayanagar works due to acute shortage and inferior quality of iron ore in E-auctions. The company expects availability of iron ore to improve on commencement of mining in all category A mines (4 mines in category A are operational) and increase in production from NMDC mines (currently producing only 4.50 lakh tones per month).
Souce:BS
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