JSW Steel USA Ohio Inc, a US subsidiary of JSW Steel, has signed a long-term agreement with local steel producer Allegheny Technologies Inc. to convert JSW’s locally produced carbon steel slabs into hot rolled coils. The agreement will help diversify JSW’s steel offerings in the US, while also generating revenue for Allegheny Technologies and improving […]
JSW Steel Limited, the flagship company of the Mumbai-based JSW Group, reported a 4% increase in production of crude steel in May 2019. JSW produced 14.53 lakh tonnes of crude steel during the period, compared to the 13.99 lakh tonnes produced a year ago. Besides crude steel, the company also produces long rolled products as […]
JSW Steel Limited, the flagship company of the Mumbai-based JSW Group, reported a 3% decline in production of crude steel in the fourth quarter of Financial Year 2019. JSW produced 4.17 million tonnes of crude steel during this period, compared to the 4.31 million tonnes produced a year ago. Besides crude steel, the company also […]
JSW Steel Limited, the flagship company of the Mumbai-based JSW Group, has reported a 6% dip in production of crude steel in February. While the company produced 13.33 lakh tonnes of crude steel in February last year, output fell to 12.57 lakh tonnes this year. This is also a slip from the crude steel output […]
JSW Steel Ltd reported an 8% jump in its crude steel production for August to 14.48 lakh tons. Crude steel refers to the first state of produced steel, and can be processed by the company into other products or sold to third parties. In the month of August, output of long rolled products, such as […]
JSW Steel said it will increase the manufacturing capacity of its Vijayanagar Works plant to 13 millions tons per year from 12 MTPA by March 2020 at a cost of Rs 7,500 crore. The plant is claimed as the largest state-of-the-art single location steel manufacturing unit in India. Located 380 kilometres from Karnataka’s capital city, […]
JSW Steel Limited said it, along with its consortium partner and private equity player AION Investments Private II Ltd, has accept the terms and conditions for the acquisition of the assets of bankrupt steelmaker Monnet Ispat and Energy Limited. The duo were declared the successful, and only, bidders two days ago. The bids were placed […]
JSW Steel Limited said the company’s board has approved a plan to build a pipeline from its Vijayanagar plant in Karnataka to the coast to facilitate the import of cheaper iron ore from Odisha and Eastern India. “This Slurry Pipeline can be set up within 24 months at an estimated cost of Rs 2,100 crores. […]
JSW Steel said it will seek approval from its shareholders to raise thousands of crores of rupees via debt and equity in the upcoming annual general meeting of the company. “the Company had obtained the approval of members at the Annual General Meetings held on 26.07.2016 and 31.07.2014 for raising of resources in the form […]
JSW steel said its monthly crude steel production jumped 27% in August to 13.52 lakh ton. Production of flat rolled products was up by 15% to 9.71 lakh tonnes. Output of long rolled products jumped 24% to 2.51 lakh tonnes, the steel company said. It said that the output of crude steel for the month […]
