Crude Steel Production Grew 52% in Q3 2013-14

Mumbai, January 9, 2014 (Washington Bangla Radio): JSW Steel Limited reports Crude Steel production for the month of December 2013, at 1.05 million tonnes showing a growth of 45%.

JSW Steel Ltd., belonging to the JSW group, part of the 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, port facilities, aluminum, cement and information technology. JSW Steel Limited is engaged in manufacture of flat and long products viz. H R Coils, CR Coils, Galvanised products, Galvalume products, Colour coated products, auto grade / white goods grade CRCA Steel, Bars and Rods. Incorporated in 1994, it has grown to about US $11 billion in less than two decades. JSW Steel Limited is one of the largest producers and exporters of coated flat products in the country with presence in over 100 countries across five continents.

The break-up of production is as below:

Particulars Dec.’13 Dec.’12
(Reported)
Dec.’12
(Pro forma)*
Reported
Growth
Pro formaGrowth
Crude Steel (MnT) 1.05

0.73

0.95 45%
11%
Rolled Products : Flat (MnT) 0.87
0.61
0.82
42%
6%
Rolled Products : Long (MnT) 0.15
0.15
0.15
-1%
-1%

The company also reports Crude Steel production for Q3 FY 2013-14, at 3.19 million tonnes showing a growth of 52% (on Pro forma basis 16%) over corresponding period of last year.


Particulars 3QFY'14 3Q FY’13 (Reported) 3Q FY’13(Pro forma) Reported
Growth
Pro forma Growth
Crude Steel (MnT) 3.19 0.73 0.95 52%
16%
Rolled Products : Flat (MnT) 2.57
0.61
0.82
64%
17%
Rolled Products : Long (MnT) 0.44
0.15
0.15
-9%
-9%

The Company achieved Crude Steel production of 9.03 million tonnes in the first nine months of FY 2013-14, showing a growth of 41% (on Pro forma basis 7%) over corresponding period of last year.


Particulars 9MFY'14 9M FY’13 (Reported) 3Q FY’13(Pro forma) Reported
Growth
Pro forma Growth
Crude Steel (MnT) 9.03 6.41
8.42 41%
7%
Rolled Products : Flat (MnT) 7.26
4.63
6.54
57%
11%
Rolled Products : Long (MnT) 1.35
1.36
1.36
-1%
-1%

*re-classified for the purpose of comparison after giving effect to the Scheme of Amalgamation and Arrangement