JSW Steel Vijaynagar plant operating at 60pct to 65pct

Tuesday, 15 Nov 2011

Mr Seshagiri Rao CFO of JSW Steel said that JSW Steel Ltd is operating its main plant in southern India at 60% to 65% capacity as the shortage of iron ore persists.

Mr Rao told reporters that "We have iron ore stocks but we need to increase [them] adding that the company plans to increase the amount of ore it has been getting through court mandated auctions.”

JSW Steel has been hit by a ban on mining in three districts of Karnataka state which supplied most of the iron ore for its 10 million metric tonne factory in the town of Vijaynagar.

Since the ban came into effect a few months ago the company has depended on court-mandated auctions to buy iron ore, which it said isn't currently enough to run the plant at full capacity.

(sourced marketwatch)

New Iraq rebar plant will have 1 MTPA capacity

Monday, 07 Feb 2011
Italian plant maker Danieli has confirmed that it is supplying a meltshop and rebar mill for Jordan based Mass Global Investment’s new steelworks project in Kurdistan of northern Iraq.
The plant will have 1 million tonne per annum capacity and start production in the Q1 of 2012. It will include 120 tonne electric arc furnace, ladle furnace and 5 strand continuous caster for 130 mm and 150 mm billets.
Billets will be hot charged by linking the caster directly to the reheat furnace. The rolling mill will produce 10 mm to 32 mm debar and will have a 16 stand continuous mill plus a six pass, high speed twist free finishing block.(sourced:Arabsteel)