Trade Resources Market View JSW Took Shutdown of One of Corex Furnaces for Capital Repairs and Capacity Enhancement

JSW Took Shutdown of One of Corex Furnaces for Capital Repairs and Capacity Enhancement

JSW Steel increases output YoY in November

In million tonnes

JSW took shutdown of one of its COREX furnaces for capital repairs and capacity enhancement during October 2012 and the same is expected to re-start in January 2013.

The capacity utilization for the balance units has come down to at around 70% at Vijayanagar works due to acute shortage and inferior quality of iron ore in E auctions.

JSW expects availability of iron ore to improve on commencement of Mining in all category A Mines (4 Mines in category A are operational) and increase in production from NMDC Mines (currently producing only 450,000 tonnes per month

Source: http://www.steelguru.com/indian_news/JSW_Steel_increases_output_YoY_in_November/295067.html
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JSW Steel increases output YoY in November
Topics: Construction