JSW Steel crude steel output up 4% in FY15

The Company achieved 98% of production guidance of 12.9 million tonnes given at the beginning of FY 2014-15.

April 20, 2015 12:27 IST | India Infoline News Service
JSW Steel Ltd. recorded Crude Steel production of 12.63 Million tonnes for FY 2014-15, up by 4% over FY 2013-14.

The Company achieved 98% of production guidance of 12.9 million tonnes given at the beginning of FY 2014-15.

The Company also recorded 12% growth in the long product segment due to improved utilization of its long product facility as a result of better market share.
Production breakup FY'l5      FY'14           Growth
Crude Steel (MnT) 12.      2.. 12.17 4%
Rolled Products :Flat (MnT) 10.70 9.74 3%
Rolled Products :Long (MnT) 2.06 1.83 12%

The Company also reports Crude Steel production for Q4 FY 2014-15, at 3.06 million tonnes against 3.15 Million tons in corresponding quarter of last year. The Crude Steel production is lower in Q4 FY'15 mainly due to shutdown of about 47 days taken for annual maintenance of one of the Blast Furnaces at Vijayanagar works.
Production breakup 4Q FY'15 4Q FY'14 Growth
Crude Steel (MnT) 3.06 3.15 -3%
Rolled Products :Flat (MnT) 2.47 2.48 -1%
Rolled Products :Long (MnT) 0.48 0.48 -

JSW Steel Ltd., belonging to the JSW group, part of the 0 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, aluminum, cement and information technology.

JSW Steel Limited is engaged in manufacture of flat and long products viz. H R Coils, CR Coils, Galvanised products, Galvalume products, Colour coated products, auto grade I white goods grade CRCA Steel, Bars and Rods. Incorporated in 1994, it has grown to about US $11billion in less than two decades. JSW Steel Limited is one of the largest producers and exporters of coated flat products in the country with presence in over 100 countries across five continents.

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