JSW Steel Ltd.

JSW Steel, the flagship of the JSW Group, is reportedly planning to sell its US Mill complex to pare debt and boost earnings as a revival in the world’s biggest economy spurs demand. The company is likely to start looking for buyers once the plant has turned around.  This divestment would help the company to lower its liabilities. The company had paid $900 million for a 90% stake in the unit in 2007 to tap demand from the oil and gas industry.

JSW Steel reported monthly crude steel production for the month of July 2013 of its three manufacturing locations - Vijayanagar, Salem and Dolvi together. The crude steel production saw a growth of 47% during July 2013 at 9.91 lakh tonnes as against 6.76 lakh tonnes produced in the corresponding period of the previous year.