JSW Steel Feb crude steel production up by 43pct
Post Date: 21 Mar 2014 Viewed: 282
JSW Steel reported a 43% jump in its crude Steel production at 9.63 lakh tonne for the month of February.
JSW has recorded an output of 6.75 lakh tonne of crude steel in the same period of 2013. The figures include steel production from Dolvi facility of erstwhile JSW Ispat Steel, which has now been merged into JSW.
JSW Steel said that that the company's production of flat steel was up 55% at 7.99 lakh tonne, while production of long steel rose by 16% to 1.53 lakh tonne during the period.
JSW Steel is engaged in manufacture of flat and long products like H R coils, CR coils, galvanised products, colour coated products, auto grade and white goods grade Steel, bars and rods.
Flat steel is largely used by automobile and consumer durables sectors, while long steel is utilised in the construction and infrastructure sectors.
In 2012 to 2013, JSW had produced 8.52 million tonne of crude steel despite continuation of the iron ore crisis in Karnataka. The JSW scrip were trading at INR 970.60 on the BSE up 2.47% from the previous close.