JSW Steel Ltd, belonging to JSW Group, 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 company's crude steel production increased from 4.59 lakh tons in May 2009 to 5.65 lakh tons in May 2010. It also reported a 27% growth in flat rolled products for May 2010 compared to that of corresponding month in the last fiscal year. The company's long rolled products registered a 68% growth in May 2010 compared to that of corresponding month in the last fiscal year.
On Tuesday, JSW Steel shares ended 1.9% down at Rs1,012 on the Bombay Stock Exchange, while the benchmark Sensex closed 1% down at 16,617 points.
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