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JSW Steel post 19% growth in May 2008

This article was posted on Jun 10, 2008 and is filed under Press Releases

JSW Steel Limited posted 19% growth in crude steel production in May’08 including production of Salem works for corresponding period on comparable basis. The company has also achieved 9% growth in Rolled flat product (HR Coils & Plates) & 22% growth in Rolled long products segments. The break-up of production is as below.

The Company has also shown 22% sequential growth in volume of crude steel production.JSW Steel announces shutdown of its Hot strip Mill for around 17 days starting from 12th June 2008 to modernise the mill to enhance the capacity from 2.5 MTPA to 3.2 MTPA. The Mill is expected to be re-commissioned after modernisation on or before 30th June 2008.

JSW Steel Ltd., belonging to JSW group, part of the US $ 8 billion O P Jindal Group, is one of the lowest cost steel producers in the world. The group has diversified interest in mining, carbon steel, power, industrial gases, port facilities, Aluminium, Cement and Information Technology. JSW Steel Limited is engaged in manufacture of flat and long products viz. H R Coils, C R Coils, Galvanised products, auto grade / white goods grade CRCA Steel, Bards and Rods. Incorporated in 1994, it has grown to US $ 3 billion in little over a decade. JSW Steel Limited has the largest galvanizing production capacity in the country and is the largest exporter of galvanized products with presence in over 74 countries across five continents.

Sourced From: Adfactors Public Relations Pvt Ltd

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