OREANDA-NEWS. JSW Steel Ltd. guided Crude Steel production target of 12 Million tonnes for FY 2013-14. Inspite of tough business environment of slow growth, inadequate availability& poor quality of Iron ore and shortage of Natural gas, the Company exceeded the guidance for Crude steel production by 0.17 million tonnes.

The Company achieved Crude Steel production of 12.17 million tonnes in FY 2013-14, showing a growth of 43% (on Pro forma basis 9%) over last year.

Particulars

FY'14

FY'13 (Reported)

FY'13 (Pro forma)*

Growth

Reported

Pro forma

Crude Steel (MnT)

12.17

8.52

11.18

43%

9%

Rolled Products : Flat (MnT)

9.74

6.28

8.84

55%

10%

Rolled Products : Long (MnT)

1.83

1.80

1.80

2%

2%

The Company also reports Crude Steel production for Q4 FY 2013-14, at 3.15 million tonnes showing a growth of 49% (on Pro forma basis 14%) over corresponding period of last year.

Particulars

4Q FY'14

4Q FY'13 (Reported)

4Q FY'13 (Pro forma)*

Growth

Reported

Pro forma

Crude Steel (MnT)

3.15

2.11

2.77

49%

14%

Rolled Products : Flat (MnT)

2.48

1.65

2.29

51%

8%

Rolled Products : Long (MnT)

0.48

0.44

0.44

10%

10%

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

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 USD 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.