JSW Steel posts 30% growth in Crude Steel production in February 2007

JSW Steel Ltd has announced that the Company has registered a growth of 30% in crude steel production in February 2007 inspite of shutdown of one of the furnaces due to accidental fire on February 15, 2007. The break-up of production product-wise is as below.

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				Production			Growth					
				Lakh tonnes			Over Feb.'06
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Product				February '07			%
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Crude Steel				2.36				30%
HR Coils				2.06				27%
HR Plates				0.20				103%
Galvanised				0.60				-7%
Pre-painted GI				0.07				167%
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The volume growth is achieved across all products excepting Galvanising products. The 1.3 MTPA expansion project commissioned in Nov’06 is operating above 80% capacity. The work on re-commissioning the furnace, shut down in Feb.’07 for repairs, is in full swing and is expected to be on stream in April’07.

The JSW group, part of the US $ 4 billion O 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 and port facilities. The Company is engaged primarily in manufacture of flat products viz. H R Coils, C R Coils, Galvanised products and auto grade / white goods grade CRCA Steel. Incorporated in 1994, it has grown to US $ 1.6 billion in little over a decade. The Company has the largest galvanizing production capacity in the country and is the largest exporter of galvanized products with presence in over 74 countries across five continents.

Source : Equity Bulls

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