JSW Steel up on higher crude steel production in November

Crude steel production for November increased 3% to 11.07 lakh tonnes

Shares of JSW Steel was up nearly 2% at Rs 1,127 after the company announced production figures for the month of November.

Crude steel production for the month of November 2014 stood at 11.07 lakh tonnes , up 3% compared to November 2013, the company said in a release.

Further, production of flat rolled products stood unchanged at 8.31 lakh tonnes while production of long rolled products surged 29% to 1.86 lakh tonnes in November compared to last year, the release added.

The stock opened at Rs 1,105 and touched a high of Rs 1,134. At 10:35AM, over 132,000 shares were traded on both the stock exchanges.