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JSW Reports 8% Growth in Crude Steel Production in First Half of FY11
10/13/2010 - JSW Steel Limited reported the production of 3.14 million tonnes of crude steel in the first half of fiscal year 2011, representing a growth of 8% compared to comparable year-ago period. Flat rolled and long products production grew by 32% and 44%, respectively, over the same period.
JSW Steel Limited reported the production of 3.14 million tonnes of crude steel in the first half of fiscal year 2011, representing a growth of 8% compared to comparable year-ago period.
The company also produced 2.36 million tonnes of flat rolled products, a 32% increase vs. the first half of fiscal year 2010, and 570,000 tonnes of long rolled products, a 44% increase vs. the first half of fiscal year 2010.
For the second quarter of 2011, the company’s crude steel production stood at 1.57 million tonnes. The company also produced 1.27 million tonnes of flat rolled products and 0.26 million tonnes of long rolled products.
The company noted that it also has started generation of power at its 300-MW captive power plant, and has begun heating two out of four blocks at its Coke Oven-4 as part of the 10-MTPA expansion project at Vijayanagar works.
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 a wide range of flat and long products. JSW Steel Limited has the largest galvanizing and color coating production capacity in the country, and is the largest exporter of galvanized products with presence in over 100 countries across five continents.
