JSW Crude Steel Production Grew by 25% in Q2 FY 2013

OREANDA-NEWS. October 24, 2012. JSW Steel Limited reported 25% growth in crude steel production in Q2 FY 2013 compared to that of corresponding period of last fiscal year.

The break-up of monthly and quarterly production is as below:

The Company’s Hot Strip Mill No.2 was under shutdown from 24/09/2012 for a period of 21 days to enhance its capacity from 3.5 MTPA to 5 MTPA, due to which flat rolled products showed a lower growth relative to that of Crude steel production. This mill was recommenced production ahead of scheduled date with enhanced capacity on 13/10/2012.

The Company achieved Crude Steel production of 43.15 lacs tons in the first half of FY 2013, showing a growth of 26% over the corresponding period of last year.

JSW Steel Ltd., belonging to JSW group, part of the O P Jindal Group, is one of the lowest cost steel producers in the world. The group has diversified interest in mining, carbon steel, power, industrial gases, port facilities, Aluminium, Cement and Information Technology. JSW Steel Limited is engaged in manufacture of flat and long products viz. H R Coils, C R Coils, Galvanised/Galvalume products, Colour Coated Products, auto grade / white goods grade CRCA Steel, Bars and Rods. Incorporated in 1994, it has grown to about USD 10 billion in less than two decades. JSW Steel Limited is one of the largest galvanizing and colour coating production capacity in the country and is the largest exporter of galvanized products with presence in over 100 countries across five continents.