JSW's Crude Steel production grew 29% in Aug ’13

Mumbai Sep 13^th2013(Sailesh Gandhi): JSW Steel Limited reports Crude Steel production for August 2013, at 9.85 lacs tonnes showing a growth of 29%.

 

The break-up of production is as below:                 

(Lac tonnes)               

Particulars	Aug’13	Aug’12 (Reported)	Aug’12 (Pro forma)*	Growth
				Reported	Pro forma
Crude Steel	9.85	7.63	10.00	29%	-2%
Rolled Products : Flat	8.24	5.14	7.35	60%	12%
Rolled Products : Long	1.28	1.48	1.48	-13%	-13%

 

*re-classified for the purpose of comparison after giving effect to the Scheme of Amalgamation and Arrangement

 The Company took shutdown of one of its Corex furnaces for relining and capacity enhancement and the same is expected to recommence production during September 2013. 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 2013 to resume mining operations.