Showing posts with label JSW Steel. Show all posts
Showing posts with label JSW Steel. Show all posts

June 5, 2013

JSW Steel - Achievements and Developments

JSW Steel wins prestigious Platts Global Metals Award

JSW Steel Ltd., the flagship company of $11 billion Indian conglomerate JSW Group, has won the prestigious "The Industry Leadership Award" at Platts Global Metals Awards, held recently in London.
Mr Seshagiri Rao, Joint MD, JSW Steel and Group CFO said, "It gives us immense pleasure to get the prestigious Platts Global Metals Award. The company remains committed to the pursuit of challenging targets, safety, environmental protection, transparency, openness and social responsibility in every aspect of business around the world."
The award is given in recognition of achievements mainly in the fields of steel, metals and mining. Platts has ranked the Industry Leadership Award category on five parameters - Financial Results, Innovation, Product Quality, Safety and Strategic Vision. Under Financial Results, it reviews Annual Report, Company Growth figures and projections, Credit rating, Capital assets whereas in Innovation, it checks technology, processes, cost effectiveness and sustainability. On Product Quality aspect, records of reliability based on low percentage of load rejections, consistency of product specifications and timely delivery are some of the parameters which are evaluated while on Strategic Vision, Platts evaluates vision of the company.

Merger of JSW Ispat with JSW Steel

Earlier with effect from 1st June, JSW Steel has completed the merger of JSW Ispat Steel with itself. With the merger JSW Steel has now become the second largest steel producer in India after Steel Authority of India (SAIL) with 14.3 million tones capacity.

JSW Steel has a wide range of products which include pellets, slabs, HR coils/sheets, HR plates, CR coils, galvanized coils/sheets, and colour coated coils/sheets. In fact JSW Steel is one of the principal manufacturers of cold rolled, galvanized, and colour coated steel in India.

October 14, 2011

JSW Steel signs JV with Japanese Marubeni-Itochu Steel Inc (MISI)

JSW Steel on Wednesday (12th Oct’11) has signed a joint venture agreement with Japanese Marubeni-Itochu Steel Inc (MISI) to set up a steel processing centre at an investment of Rs 122-crore (approximately $ 24.5 million) in North India.
The equal join venture company--JSW MI Steel Service Centre--will set up a 1,80,000 tonnes per annum facility to process mainly flat steel products such as hot rolled, cold rolled steel and coated products to cater to the needs of automotive, white goods, construction and other value added segments.
JSW Steel, part of the $8 billion O P Jindal Group is India's third-largest steelmaker. JSW Steel is one of the largest steel producers in private sector in India so far the provision of capacity is concerned. The company has a wide range of products which include pellets, slabs, HR coils/sheets, HR plates, CR coils, galvanized coils/sheets, and colour coated coils/sheets. In fact, JSW Steel Limited has the largest galvanizing and colour coating production capacity in the country and is the largest exporter of galvanized products with presence in over 100 countries across five continents.
For JSW, this comes as yet another Japanese partnership. Last year, Japan’s second largest steel maker JFE announced that it would be buying around 14.99 per cent stake in JSW Steel for about $1.02 billion (Rs 4,800 crore) in what was pegged as one of the biggest foreign direct investment deals in metal and mining space till date.
Japan’s Marubeni-Itochu Steel Inc has over 100 processing centres across the world and specializes in value-added steel.

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December 19, 2010

Indian Steel Industry: An account of Public and Private Sector Steel Plants in India

Indian Steel Industry
Steel is the backbone and crucial to the growth of modern economy. A country’s index of socio-economic development can be judged from the production and its per capita consumption of steel. That is why iron and steel industry is called a ‘Key Industry’. India is, most probably, the only country in the world bestowed with the two most important ingredients for making and selling steel – Raw Material (Iron ore) and Customers (Population) – and both of them in plenty. So, these days everyone is looking at India as the world’s next steel hub, be it the mighty foreign steel makers, India’s major ones or, the world’s renowned steel researchers and market watchers. It’s a unanimous voice that India is the country where one can make steel, of course, at a very competitive cost and sell it too and so, ‘additional-capacity-for-steel’ is the buzz word, be it the first generation producers or, the existing ones.
The Indian Steel Industry did remarkably well as compared to the rest of the world (with exception of China) during the recent difficult phase of the world economy. Even while the global production dipped by over 8% in 2009, the Indian Steel Industry registered a decent growth. In fact, Indian Steel Industry was the third fastest growing steel industry in the world next only to China. The demand for Indian steel was growing at 8-9% as against a global average of 5-6%. According to the Short Range Outlook of World Steel Association (WSA), India’s steel demand maintained stable growth during the recent crisis and is expected to grow by 13.9% and 13.7% in the years 2010 and 2011 respectively after a growth of 7.7% in 2009. During 2009-10 the steel production in India was 64.88 million tones, registering a growth of almost 11% from the previous year. New technologies like COREX and new sectors like colour coated steel, galvanizing steel have been introduced successfully.
According to Honorable Union Steel Minister of India, Shri Virbhadra Singh speaking at a National Media Conference held recently in India, the steel industry’s contribution to the country’s GDP is nearly 2% providing employment over 500000 (Five lakh) people. Currently, India is the world’s largest producer of sponge iron and third largest producer of crude steel after China and US. With a targeted production capacity of 124 million tones, then country is expected to become the second largest by 2015. With per capita steel consumption in India, at around only 45 kg, still being much lower than global averages, the opportunities for growth are immense. India’s steel use will reach 71.6 MT in 2011 according to the Short Range Outlook of World Steel Association.  
Bokaro Steel Plant image
The structure of the Indian Steel Industry can be divided into the following sectors:
Primary Producers The integrated steel plants (ISPs) who convert iron ore into steel through Coke oven-BF-BOF route e.g. SAIL (Steel Authority of India Ltd), RINL’s (Rashtriya Ispat Nigam’s) Vizag Steel Plant, all Public Sector units and Tata Iron and Steel Company (TISCO), which have among them nine operational units.
Secondary Producers The mini steel plants (MSPs), which make steel by melting, scrap iron or a mixture thereof in an Electric Arc Furnace (EAF) or an Induction Furnace (IF). At present there are about 190 Electric Arc Furnace (EAF) and 970 Induction Furnace (IF) in this sector in India. 
Small Producers These include small scale stand alone processors making pig iron and sponge iron, hot and cold rolling units, re-roller units, galvanizing and tin plating units.
After the liberalization of the Indian steel sector in 1992, steel plants came up in a big way in the private sector. In the Private Sector, the private companies can be termed as corporations, sole proprietorships, business trusts while depending on their organizational know-how. In the Public Sector, the Public Companies are termed as corporations owned by the government while the ownership of possessions and concern is communal by the people. The importance regarding a public company is called its marketplace capitalization and the rising of funds is done throughout the retailing of its securities. Some examples of Public Sector steel plants are Steel Authority of India Ltd (SAIL), Rashtriya Ispat Nigam Limited (RINL), National Mineral Development Corporation Limited (NMDC), Metal Scrap Trade Corporation Limited (MSTC) and Bharat Refractories Limited (BRL), etc. while important steel plants in Private sector in India are such as Tata Iron and Steel Company (TISCO) or Tata Steel, JSW Steel, Bhushan Power and Steel Limited, Essar Steel, Jindal Steel and Power Limited (JSPL), etc. 
According to the figures of JPC (Joint Plant Committee) report, the share of the private sector producers in India’s total gross production of carbon finished steel in 2001-02 was 67.5% which touched a level of 79% in 2009-10.  


(in million tones per annum)
1950 – 51
1960 – 61
1970 – 71
1980 – 81
1990 – 91
1997 – 98
2004 – 05
2009 – 10
Public Sector Steel Plants
Steel Authority of India Ltd (SAIL) is the largest producer of iron and steel in India. With its commercial office in New Delhi SAIL produces iron and steel at five integrated steel plants:
1. Bhilai Steel Plant (BSP) at Bhilai, Chhattisgarh
2. Durgapur Steel Plant (DSP) at Durgapur, West Bengal
3. Rourkela Steel Plant at Rourkela, Orissa
4. IISCO Steel Plant (ISP) at Burnpur, West Bengal                          
5. Bokaro Steel plant (BSL) at Bokaro, Jharkhand.
Besides, SAIL has four special steel, alloy-steel plants:
1. Alloy Steels Plant (ASP) at Durgapur, West Bengal
2. Salem Steel Plant (SSP) at Salem, Tamil Nadu
3. Visvesvaraya Iron and Steel Plant (VISL) at Bhadravati, Karnataka    
Rourkela Steel Plant graphic
Rourkela Steel Plant
The plants at Chandrapur and Bhadravati are subsidiaries of SAIL. These plants are located mainly in the eastern and central regions of India and situated close to domestic sources of raw materials, including the company’s iron ore, lime stone and dolomite mines. SAIL has distribution network across the country with 65 warehouses and network of dealers in all the districts of India. The IISCO-Ujjain Pipe and Foundry Company Limited, a subsidiary of IISCO, manufactures cast iron spun pipes at its  works at Ujjain. Besides, Steel Authority of India Ltd. (SAIL) has seven central units –
=> Research and Development Center for Iron and Steel (RDCIS), Center for Engineering and Technology (CET), Management Training Institute, all located at Ranchi (Jharkhand)
=> Central Coal Supply Organization located at Dhanbad (Jharkhand)
=> Raw Materials Division, Growth Division, and Environment Management Division, all located at Kolkata (West Bengal)
The promotion of products of SAIL plants is done by the Central Marketing Organization, Kolkata (erstwhile Calcutta). Steel Authority of India Ltd. (SAIL) is in the process of modernizing and expanding its production units, raw material resources and other facilities to maintain its dominant status in the Indian Steel Industry. The company plans to increase its capacity and production by 70% by 2010-11 by spending 530 billion INR. Some other key objectives of SAIL’s expansion plan include –
=> 100 per cent production of steel through BOF (Basic Oxygen Furnace) route.
=> 100 per cent processing of steel through continuous casting method.
=> Adherence to energy saving schemes, environment norms etc.
=> Post-expansion production target of Hot Metal, Crude Steel, Saleable Steel 26.2, 24.6 and 23.1 million tones per annum respectively.
Bhilai Steel Plant image
Bhilai Steel Plant
Rashtriya Ispat Nigam Limited (RINL) having its registered office as well as one integrated steel plant (VSP) at Vishakhapatnam. VSP is India’s primary shore-based public sector incorporated steel plant.
National Mineral Development Corporation Limited (NMDC) has its head office at Hyderabad. NMDC’s business is to increase mineral resources, with coal, oil, natural gas and atomic minerals. At present its actions are concerned on drawing out of iron ores and diamonds. National Mineral Development Corporation Limited (NMDC) operates computerized iron ore mines in India at Bailadila and Donimalai and diamond mines at Panna. Jammu and Kashmir Mineral Development Corporation Limited (J&KMDC) is a subsidiary company of NMDC, included for increase of various minerals in the state of Jammu and Kashmir.
Metallurgical and Engineering Consultants Limited (MECON) situated in the heart of Ranchi city provides all type of Consultancy and Engineering Services including design, lay-out, type of refractory lining etc. to  both ferrous and non-ferrous metallurgical units. 
NMDC Plant image
National Mineral Development Corporation Limited 
(NMDC) Plant
Kudermukh Iron Ore Company Limited (KIOCL) with its head office situated at Bangalore is the country’s 100% export oriented unit. It exports iron ore concentrate and pellets, both Blast Furnace and DR Grade, to many countries such as Japan, China, Indonesia, Iran, Turkey, Australia, and Taiwan etc.
Metal Scrap Trade Corporation Limited (MSTC) has its commercial office in Kolkata. It is engaged in introducing carbon steel melting scrap for Mini Steel Plants (MSPs) in the country. The company also undertakes the removal of ferrous and miscellaneous scrap arising from integrated steel plants under SAIL and RINL and disposal of scrap, surplus stores etc. from other public units and governments. Ferro Scrap Nigam Limited (FSNL) is a supplementary of MSTC (Metal Scrap Trade Corporation Limited) and undertakes the revival and dispensation of scrap from slag disposals of various steel plants.
Manganese Ore (India) Limited (MOIL) with its center of operations at Nagpur is the producer of Manganese ore in India. MOIL produces and sells all grades of manganese ore including high grade manganese ore required for the production of Ferro-Manganese, Blast Furnace grade ore required for the production of Hot Metal and Dioxide ore required for the production of dry battery cells.
Sponge Iron India Limited (SIIL) headquartered at Hyderabad was established as a display of Sponge Iron Plant to set up the techno-fiscal viability of producing sponge iron from lump iron ore and 100% non-coking coal. The plant is intended both for production of sponge iron and for Research and Development work.  

Sector/Plant wise Production of Crude Steel in India
 during 2009-10 and 2008-09 (‘000 tones) 
Production during
Variance (%)
Main Producers
Steel Authority of India (SAIL)
Bhilai Steel Plant
Durgapur Steel Plant
Rourkela Steel Plant
Bokaro Steel Plant
Indian I&E Steel Plant
Alloy Steel Plant
Salem Steel Plant



– 1.4
– 4.1
Total SAIL Plants
Tata Steel
Total Main Producers
Major Secondary Producers
ISPAT Industries
Essar Steel
Total Major Secondary Producers
Other Producers

Grand Total Production



         Source: JPC (Joint Plant Committee) report
Private Sector Steel Plants
Tata Steel or Tata Iron & Steel Company (TISCO) located at Jamshedpur is the oldest integrated steel plants in India having started its production in February 1912. 
Tata Steel Image
It is the flagship company of Tata Sons one of the best-known symbols of India’s industrial development. Tata Steel is exporter of lofty quality and worth added steel products. Tata Steel’s products comprise of HR coils, tubes, rods, bars, structural, strips, sheets and bearings. Tata Steel (TISCO) is incorporated with actions ranging from mining of raw materials to finished steel products. Following its new acquisitions, Tata Steel is now a multinational one having operations in many countries. Its Jamshedpur plant contains the DCS supplied by Honeywell while having its registered office in Mumbai, the so-called business capital of India. Tata Steel launched the world’s first branded C.R product in the name of “Tata Steelum”. Tata Steel’s world-class Cold Rolling Mill Complex at Jamshedpur has given a new dimension in the production of Cold-Rolled steel to India.
JSW Steel is one of the largest incorporated private steel producers in India so far the provision of capacity is concerned. JSW Steel has a wide range of products which include pellets, slabs, HR coils/sheets, HR plates, CR coils, galvanized coils/sheets, and colour coated coils/sheets. In fact JSW Steel is one of the principal manufacturers of cold rolled, galvanized, and colour coated steel with its developed service facilities at Vasind and Tarapur near Mumbai in Maharashtra. The company is working hard to achieve the target capacity of manufacturing around 32 million tones of steel per annum. 
Jindal South West Steel Limited formerly known as Jindal Vijayanagar Steel Plant (JVSL) had opted for the COREX – BOF route for producing HR Coils. The COREX process of VAI, Austria (now Siemens VAI) has low emission levels and helps in the generation of medium calorific value export gas offering a clean source of power. The plant is situated at Torangallu in Karnataka had an initial capacity of 1.6 million tones per year (MTPA), which has been expanded to 6.6 MTPA.
Jindal Steel and Power Limited (JSPL) is the largest coal-based producer of sponge iron in 
JSPL plant graphic
Asia and the second in the world. JSPL’s plant situated at Raigarh in Chhattisgarh was the first producer of longest finished rails in the world. It is also producing hot-rolled parallel flange beams and columns as well as Larsen U-type piles for the first time in India.
Essar Steel Limited is another India - based leading steel producer in private sector in India as well as in some other countries. Essar Steel is fully integrated from mining to retail and has strong downstream capability with a global retail capacity in excess of 3 million tones per annum (MTPA). Essar Steel has in its basket many customized products catering to a variety of product segments. It is also India’s largest exporter of flat products to the US and European markets, and to those of South East Asia and the Middle East countries. Hazira Steel Complex near Surat (Gujarat) and Vishakhapatnam Pellet Complex are some manufacturing units of Essar Steel in India. It is the largest steel producer in western India with a capacity of 10 MTPA at Hazira Steel Complex having a complete infrastructure setup including a captive port, lime plant and oxygen plant. The Vishakhapatnam Pellet Complex has a capacity of 8 MTPA while Essar Steel possesses an 8 MTPA beneficiation plant at Bailadila and the world’s largest capacity Hot Briquetted Iron (HBI) plant with MIDREX technology at Hazira (later integrated it with DC–EAF and hot strip rolling mill with a capacity of around 5 MTPA). Essar Steel has recently acquired all the assets of Shree Precoated Steel Limited (SPSL) of Pune in India. The capacity of Shree Precoated Steel Limited (SPSL) Colour Coated Line is 400000 TPA (ton per year), of Cold Rolling Mill is 600000 TPA of Galvanizing Mill is 500000 TPA, and of Pickling Line 650000 TPA. With aggressive expansion plans in India, as well as Asia and the US, Essar Steel has a target to achieve a capacity of 14 MTPA by 2011-12. 
[Essar Steel starts second Conarc Furnace].                              
Bhushan Power and Steel Ltd. having head office in New Delhi is a manufacturer of flat, round and long products as well as value added products having a whole steel value chain ranging from coal mining, billets, HR coils, pig iron, CR coils, GP/GC, precision tubes, black pipe/GI pipe, cable tapes, tor steel, wire rod and special alloy steel.
Bhushan Steel and Strips Ltd. has a state-of-the-art 6-Hi Universal Crown Mill supplied by Hitachi of Japan and the process know-how is also from Sumitimo of Japan with auto shape control. Bhushan Steel and Strips Ltd. is producing CR coils up to 1600 mm width at its Shahibabad plant is one of the leading suppliers of Cold-Rolled products to India’s automotive industry.
Ispat Industries Limited has installed the world’s first MEGAMOND Midrex unit and later integrated it with a unique technology of utilizing DRI (Direct Reduced Iron) and BF (Blast Furnace) hot metal as metallic charge in its Twin-shell CONARC EAF (Electric Arc Furnace) followed by thin slab casting and strip rolling with SMS Demag (now SMS Siemag) technology of Germany. Ispat’s plant at Dolvi near Mumbai had an initial capacity of 1.2 MTPA which has been expanded to 3.6 MTPA. Ispat was the first Indian steel producer with thin slab casting facilities and was the country’s first producer of colour coated sheets.       
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August 13, 2010

JSW Steel to start production in September from its recently acquired USA coal mines

JSW Steel is expected to start production from September from the coking coal assets in the US which it acquired in the month of May this year for a total consideration of $100 million to partially meet the rising raw material need of its steel business. The company is planned to produce 1 million tonnes of coal in the first year starting from September 2010 which will go up to three million tonnes in the third year of operation.
The acquired coal assets with resources of 123 million tonnes are located in West Virginia in the US with estimated reserves of around 45 million tonnes on part of the area where drilling has already been carried out. One of the mines is already operating and the mine has its own railway load out and barge facility. Originally these mines were owned by a string of US-based companies.
JSW Steel, part of the $8 billion O P Jindal Group is India's third-largest steelmaker. The company currently has an installed production capacity of a little over six million tonnes in Vijaynagar in Karnataka and is working to add another three million tonnes to it. It also operates a one million ton per annum plant in Salem. As per the company reports this integration will benefit the company immensely even after factoring the higher freight from USA to India. While the total coking coal requirement of the company is estimated at 5 million tonnes per annum at the current capacity (about 6 million tonnes) the proposed coking coal from US will give integration to the extent of 20per cent in the first year and goes up further at enhanced capacity of 11 million tonnes to 35-40 per cent.

July 21, 2010

JSW Steel Reported 23% and 14% Growth in Crude Steel Productions in May 2010 and in the Q1 of the Financial Year 2011 respectively

According to a press release JSW Steel Limited, Jindal group of Steel maker, reported a growth of 23% in Crude Steel production for May 2010 compared to that of corresponding month in the last fiscal year. The Company also reported 12% growth in monthly Crude Steel production sequentially. The Crude Steel Production rose to 5,65,000 tonnes in May’10 as compared to 4,59,000 tonnes in May’09. Registering a growth of 27%, the production of Rolled Flat Steel Products rose to 3,88,000 tonnes in May’10 compared to 3,06,000 tonnes in May’09. While the production of Rolled Long Steel Products increased by 68% from 65,000 tonnes in May’09 to 1,09,000 tonnes in May’10.
JSW Steel has reported a growth of 14% in crude steel production for Q1 Financial Year 2011 compared to that of corresponding quarter of last fiscal year. Crude Steel production rose to 1.574 million tonnes in Q1 FY 2011. Rolled products (flat) production rose to 1.093 million tonnes in Q1 FY 2011. Rolled products (long) production rose to 0.309 million tonnes in Q1 FY 2011. The commissioning of 6.8 MTPA expansion project and 3.5 MTPA new Hot Strip Mill at Vijayanagar works in the last fiscal year enabled the company to achieve higher production. The company made this announcement to one Financial News Channel during the Bombay Stock Exchange trading hours on 07 July 2010.
The group has diversified interest in mining, carbon steel, power, industrial gases, port facilities, Aluminium, Cement and Information Technology. JSW Steel Limited is engaged in manufacture of flat and long products viz. H R Coils, C R Coils, Galvanized products, auto grade / white goods grade CRCA Steel, Bars and Rods. JSW Steel Limited has the largest galvanizing and colour coating production capacity in the country and is the largest exporter of galvanized products with presence in over 100 countries across five continents.