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JSW Steel Reports 18% Growth in Crude Steel for November
12/14/2011 - JSW Steel Limited reported crude steel production of 600,000 tonnes in November 2011, representing 18% growth compared to 507,000 tonnes in November 2010 and 5% sequentially.
JSW Steel Limited reported crude steel production of 600,000 tonnes in November 2011, representing 18% growth compared to 507,000 tonnes in November 2010 and 5% sequentially.
The company also reported the production of 427,000 tonnes of flat rolled steel products in November 2011, representing 12% growth vs. 381,000 tonnes of flat rolled steel in November 2010, as well as 129,000 tonnes of long rolled steel products, representing 46% growth vs. 88,000 tonnes in November 2010.
During November, capacity utilization improved gradually to 68% at Vijayanagar works from an average utilization of 63% in October 2011 due to increased receipt of iron-ore supplies from E-auctions. The company noted that consistent availability of fairly priced iron ore is crucial to further maintain or improve the plant’s capacity utilization. The company has received 37% iron ore so far out of a total of 5.672 million tons of iron ore procured in E-auctions.
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, aluminum, cement and information technology. JSW Steel Limited is engaged in manufacture of flat and long products including hot and cold rolled coils, galvanized and Galvalume products, auto grade / white goods grade CRCA Steel, bars and rods. Incorporated in 1994, it has grown to US $ 9 billion in little over fifteen years. 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.
