JSW Steel Oct crude steel output up 39% on yr

Flat steel production up 96%, long steel production declines 10%

JSW Steel Ltd today said its crude steel production in October rose 39% on year to 1.06 million tonne.

In a notification to the BSE, the company said that while its flat steel production last month was up 96% on year to 867,000 tonne, production of long steel products declined 10% on year to 149,000 tonne.

Long steel products are mainly used in construction and infrastructure segment, while flat products find wide application in the auto sector.

JSW Steel today reported a 9% growth in its crude steel production at 10.62 lakh tonnes (LT) for the month of October.

The company, headed by Sajjan Jindal, had produced 9.71 LT of crude steel in the same month last year. The production numbers include steel production from Dolvi facility of erstwhile JSW Ispat Steel, which has now been merged into JSW.

During the first seven months of the current fiscal, the company has achieved crude steel production of 6.94 MT, registering a growth of 4.69% over the corresponding period of last year.

In 2012-13, JSW had produced 8.52 million tonnes of crude steel despite continuation of the iron ore crisis in Karnataka.

Shares of the company were trading at Rs 866 apiece on the BSE at 1400 hours, down 0.34% in an overall weak market.