JSW steel production rises 47% in July

New Delhi: JSW Steel today reported almost 47 percent rise in crude steel production at 9.91 lakh tonnes in July, over the corresponding month of last year.

The company’s crude steel production in July, 2012 was at 6.76 lakh tonnes, the company said in a statement.

“JSW Steel Ltd reports monthly crude steel production of 9.91 lakh tonnes showing a growth of 47 per cent in July'13 at its three manufacturing locations, Vijayanagar, Salem and Dolvi, all together,” it said.

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The capacity utilisation was lower at Vijayanagar works due to shutdown of one of its corex furnaces for relining and capacity enhancement and the same is expected to recommence production by September-end, the company said.

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Meanwhile, in July 2013, production of flat products, which find application in automotive and consumer durables among others, was up by 64 percent at 7.96 lakh tonnes against 4.85 lakh tonnes over the corresponding month of 2012.

Long products, mainly used in the construction sector, saw an almost 31 percent rise in production in July to 1.86 lakh tonnes from 1.42 lakh tonnes during the same month last year.

JSW Steel’s shares were trading at Rs 534.05 a piece, up 0.46 percent during the afternoon trade in the BSE.

PTI