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JSW Steel announced 8% rise in output

JSW Steel announced 8% rise in output
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In October-December 2012, production of crude steel at JSW Steel expanded only 8 per cent to 20.94 lakh tonne because of impediments like shortages of iron ore.

In Oct-Dec 2011, the company produced 19.39 lakh tonne (l t) crude steel. But production declined nearly 3.60 per cent from the preceding quarter, when it had produced 21.72 lakh tonne (l t) crude steel.

Owing to inadequate and poor quality of iron ore available through e-auction, the company could not utilise its full production capacity during the Oct-Dec 2012 period. In fact, capacity utilisation declined in the Oct-Dec 2012 quarter as compared to the preceding quarter.

During APr-Sep 2011, the firm had increased its production capacity to 10 million tonne per annum at Karnataka’s Vijayanagar. However, it has been struggling to run the plant at optimum capacity since then owing to iron ore shortages — a key raw material for steel making.

During the last quarter, production of flat products grew by 13 per cent to 15.69 l t, up from 13.87 l t of the October-December quarter of 2011-12.

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