One of the largest Indian steelmakers JSW Steel Ltd posted a six percent year-on-year growth in crude steel production in August of the current Indian financial year. JSW produced 664,000 mt of crude steel in the given period. The increase in production is due to the commencement of the 3.4 million mt per year expansion at JSW Steel's Vijayanagar plant in July.
During August, JSW Steel produced 484,000 mt of flat rolled products, up eight percent, while it produced 125,000 mt of long rolled products, up 44 percent, both compared to the corresponding period of the previous financial year.
According to the JSW Steel statement, the crude steel production in August could have been higher, if it were not for the mining ban in the Bellary district of Karnataka state in India. Due to the iron ore shortage, JSW Steel had to cut its production. Crude steel production in September is severely impacted and the production cut is expected to continue.