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JSW Steel Reports Highest Ever Quarterly Crude Steel Production for Q4 FY 2010-11

04/13/2011 - JSW Steel Limited reported its highest-ever quarterly crude steel production of 1.72 million tonnes in the fourth quarter of FY 2010-11, and its highest-ever quarterly production of 1.32 million tonnes of flat rolled products.

JSW Steel Limited reported its highest-ever quarterly crude steel production of 1.72 million tonnes in the fourth quarter of FY 2010-11, and its highest-ever quarterly production of 1.32 million tonnes of flat rolled products.
 
The company’s 1.72 million tonnes of crude steel in the fourth quarter represents an 8% increase over the year-ago fourth quarter. The 1.32 million tonnes on flat rolled steel represents a 36 % increase over the year-ago fourth quarter, while 0.28 million tones of long rolled products represents a 13% decrease from the year-ago fourth quarter.
 
During the fourth quarter the company commenced operation of its Sinter Plant-3, Converter-4, Caster-3 and heating of the balance (two blocks out of four blocks) of Coke Oven-4 as a part of its 3.2 million tonnes/year expansion project at Vijayanagar Works. Blast Furnace-4 is in the final stage of completion and testing.
 
For FY 2010-11, the company’s crude steel production was 6.51 million tonnes, showing a growth of 9% over FY 2009-10. For the year, the company also produced 4.94 million tonnes of flat rolled products, a 33% increase vs. FY 2009-10, and 1.13 million tonnes of long products, an 18% increase over the same period.
 
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 interests 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 (hot and cold rolled coils, galvanized products, auto grade / white goods grade CRCA Steel, bars and rods). Incorporated in 1994, it has grown to US $ 5 billion in 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.