JSW Steel, the country’s largest private sector steel maker by domestic capacity, on Tuesday said its production rose 88 per cent to 14.69 lakh tonnes in the third quarter of the current fiscal.

The company’s crude steel production during the nine-month period ended
December 31, 2009 was 43.9 lakh tonnes, up 59 per cent over the
corresponding period last year.

During the December quarter last fiscal, the company’s crude steel
production was at 7.82 lakh tonnes, JSW Steel said in a statement to
the Bombay Stock Exchange.

Production of flat-rolled items, used by the auto and consumer durables
industry, surged 51 per cent to 9.41 lakh tonnes in October-December
quarter compared with the same period last fiscal.

Production of long-rolled steel products, primarily consumed by the
construction sector, also surged by 199 per cent to 2.37 lakh tonnes in
the latest quarter compared with the same period a year ago.

JSW Steel, which belongs to the JSW Group, is one the lowest cost steel producers in the world.

Shares of JSW Steel were trading at Rs 1,117.20, up 9.18 per cent in late afternoon trade on the BSE.

Source: PTI

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