JSW Steel’s crude steel production for November 2011 increased by 18% at 6 lakh tonnes against 5.07 lakh tonnes in November 2010. The company has achieved this production level on better capacity utilization at its Vijaynagar plant.
The company reported 46% increase in production of long products at 1.29 lakh tonnes in November, compared to corresponding month last fiscal. Output of flat products stood at 4.27 lakh tonne during the month, up 12% from November 2010. The company had produced 17.38 lakh tonnes crude steel in the second quarter of the current fiscal.
Due to increased receipt of iron-ore supply from e-auctions, company’s capacity utilization improved gradually to 68% at Vijay agar works in November from average utilization of 63% in October 2011. It has received 37% iron ore at plant's site out of total iron ore of 5.67 million tonnes procured in e-auctions.
