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JSW Steel output edges down in August

Press Trust of India  |  New Delhi 

today reported a marginal fall of 1 per cent in its crude steel production at 13.37 lakh tonnes for August.

It had produced 13.52 lakh tonnes of crude steel in the same month a year ago and 12.78 lakh tonnes in July 2017.

Production of flat-rolled products rose by 1 per cent to 9.79 lakh tonnes last month, from 9.71 lakh tonnes in August 2016, it said in a filing today.

Long-rolled products registered a 10 per cent growth in output at 2.78 lakh tonnes compared to 2.51 lakh tonnes in August last year.

is a leading integrated steel company with an installed steel-making capacity of 18 million tonnes per annum (mtpa). The alloy-maker is planning to increase its manufacturing capacity to 40-45 mt by 2030.

The flagship company of USD 9-billion JSW group was exploring opportunities to acquire assets in and abroad, its Joint Managing Director Seshagiri Rao had earlier said.

The Sajjan Jindal-owned is in talks with Algerias Cevital Group to acquire its Aferpi steel mill in Italy for USD 100 million, according to sources.

The stock today ended 1.26 per cent higher at Rs 266 on the

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, September 11 2017. 18:07 IST