JSW Steel Ltd. reported April crude steel production of 6.37 million tons, down by 11 percent from the 7.15 million tons in the corresponding month a year-ago.
During the month, Rolled products-flat production was 4.55 million tonnes, lower by 13 percent than the 5.25 million tones in April last year, while Rolled products-long was 1.28 million tonnes, compared with 1.55 million tonnes in April 2012, reflecting a 17 percent decline.
The company said the availability of quality iron ore in sufficient quantities remained a challenge, impacting the production and capacity utilization. One of blast furnaces at Vijayanagr works was under annual shutdown for 22 days and resumed operations on April 26 and, therefore, the capacity utilization was lower at 73 percent at Vijayanagar works. Similarly one of blast furnaces at Salem unit was also under shutdown during April, which resumed production on May 6. Consequently, the production was lower during April 2013.
At the BSE, JSW Steel shares are currently trading at Rs.694, up 0.27 percent from the previous close.
For comments and feedback: editorial@rttnews.com