JSW Steel Aug crude steel production up 29% on year

Long steel production drops 13%, flat products rises 60%

JSW Steel Ltd’s crude steel production in August stood at 985,000 tonne, up 29% from the same period last year, the company said in a release on Friday.

In July, the company had produced 991,000 tonne of crude steel.The production of flat rolled products rose to 824,000 tonne in the month under review, up 60% from the corresponding period last year, said the company.

Production of long steel products, however, declined 13% on year to 128,000 tonne, it said. Flat steel products find wide application in the auto sector, while long products are largely used in the construction segment.

 

The company has shut down one of its corex furnaces at its Vijayanagar plant in Karnataka, for relining and capacity enhancement and is expected to recommence production this month.

 

“The capacity utilization at Vijayanagar works remains at around 80% due to iron ore shortage caused by inordinate delays in opening category A & B mines even after Honourable Supreme Court order in April to resume mining operations,” said the Mumbai-based company.

JSW Steel has a total installed capacity of 14.3 million tonne and is part of the $11 billion conglomerate JSW Group.