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Saturday, October 8, 2011

JSW Steel operating at 50-60pct - Report

Saturday, 08 Oct 2011

Dow Jones Newswires citing a person familiar with the matter reported that JSW Steel Ltd has nearly doubled its steel production since the beginning of this month.

The person said “At present, the plant is operating between 50% to 60% capacity.”

JSW Steel has been facing an acute shortage of iron ore over the past couple of months as the country's apex court banned iron ore mining in three districts in the southern state of Karnataka to prevent illegal and excessive mining.

During September end it was operating at 30% capacity due to the iron ore shortage.

(Sourced from Dow Jones Newswires)

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