JSW Steel Ltd. reported fourth-quarter crude steel production stood at 2.11 million tons, up by two percent from the 2.07 million tons in the corresponding month a year-ago.
During the quarter, Rolled products-flat production was 1.65 million tonnes, up by 11 percent from the 1.49 million tones in Q4FY12, while Rolled products-long was 0.44 million tonnes, compared with 0.47 million tonnes in the corresponding quarter of the preceding year, reflecting a six percent decline.
The company's crude steel production for the fiscal year was 8.52 million tonnes, higher by 15 percent than the 7.43 million tons in FY12.
During the year, Rolled products-flat production was 6.28 million tonnes, up by 17 percent from the 5.37 million tones in 2012, while Rolled products-long stood at 1.80 million tonnes, compared with 1.52 million tonnes in the corresponding quarter of the preceding year, an increase 18 percent.
In spite of severe constraints in availability and quality of iron ore in the State of Karnataka, the company could operate its Vijayanagar plant at around 80 percent capacity due to its unique ability of using low grade iron order through beneficiation process, the company said.
At the BSE, JSW Steel shares are currently trading at Rs.688.75, up 1.99 percent from the previous close.
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