JSW Steel reports 27% growth in crude steel production in Q1FY13

JSW Steel has reported 27% growth in crude steel production in Q1FY13 as compared to corresponding period of last fiscal year. The company has posted a total crude steel production of 2.14 million tonnes a growth of 27%, of which, production of Rolled Product (Flat) stood at 1.61 million tonnes a growth of 36% while, production of Rolled Product (Long) stood at 0.44 million tonnes, a growth of 27%.

The capacity utilization at Vijaynagar works remained at around 80% during Q1FY13 due to constrain in availability and quality of iron ore in e-auction in the Karnataka State.

JSW Steel is part of the JSW group which, in turn, is a part of the O P Jindal group. JSW Steel is one of the largest steel manufacturing companies in India having units in Karnataka and Maharashtra producing crude steel, long steel and flat steel products.