JSW logs highest monthly output at 13.48 LT

The Dollar Business Bureau

Mumbai based JSW Steel, on Wednesday, broke its previous records by reporting the highest ever monthly crude steel production at 13.48 lakh tonnes for May.

The latest figures were 16% higher than the 11.62 LT output recorded in May 2015, revealed the company in a BSE filing.

"JSW Steel reports highest-ever monthly crude steel production for May 2016 at 13.48 lakh tonnes showing growth of 16 percent over the corresponding month of previous year," it said.

The output of flat-rolled products increased by 7% to 9.30 lakh tonnes in May.

The long-rolled products output increased to 2.98 lakh tonnes in May 2016 against 2.44 lakh tonnes for the reviewed month in 2015.

JSW steel, led by Sajjan Jindal, is one of the leaders in the steel industry with a production capacity of 18 million tonnes a year. The company, part of JSW Group, is the second biggest privately owned steel company. The company is aiming to set up a steel plant in Georgia and has joined hands with JFE steel Corp of Japan for high grade automotive steel production. JSW recently acquired mining assets in USA, Mozambique and Chile.