- Company overview The heart of SMC Vision & Philsophy Partnership Certifications Company culture
- Our service Design and Engineering Maintenance and Service Examine Production Line Upgrade and Transformation Storage and Logistics Processing, Trading and Distributor
- Management Our history Global responsibility Info Center
- Procurement center Internship
- Metal Steel Products Stainless Steel Products Aluminum Products Copper Products Galvanized Steel and PPGI Special Alloy Building Material
- Containers ISO Standard Container Equipment Container Storage Container Container House Refrigerated/Reefer Container Offshore Container Tank Container Container Fittings Container Trailer
- Gas Cylinder & Fire Extinguisher Cryogenic Liquid Cylinder Oxygen Gas Cylinder Storage Tank CNG Gas Cylinder LPG Gas Cylinder Hydrogen Gas Cylinder Nitrogen Gas Cylinder Industry Gas Cylinder Fire Extinguisher
- Metal Machinery Forming Machine Other Machinery Cutting Machine Processing Machine Bending Machine Block Machine Motor Spare Parts
- Mechanical Products Vehicle Industry Miscellany Mooring Equipment Marine Equipment Pressure Vessel Conveyor Belt Laser Equipment Bearing
- Electrical System Electrical Cable Automation Power Distribution Solar Power System Electric Protection System Transformer Production Line Lighting System
- Project Fiberglass Reinforced Plastic Plastic Pipes and Pipe Fittings Pontoon System
JSW Steel Aims To Increase Own Iron Ore Production
JSW Steel Ltd, India’s biggest local steelmaker, aims to be
producing 80 percent of the iron ore needed for its flagship plant in south
India in three years time as it seeks to cut costs, a senior executive said.
The company expects to begin producing ore from mines it won
in a recent auction in the southern state of Karnataka by March, at an annual
run rate of 4.7 million tonnes, Deputy Managing Director Vinod Nowal said,
adding that it was also planning to bid for more mines in an upcoming auction.
“A higher degree of reliance on our own mines will help in
long-term cost savings,” he told Reuters.
Iron ore accounts for the biggest single cost in
steelmaking, giving companies with their own mines an advantage over rivals.
While JSW Steel’s two biggest local rivals, Steel Authority
of India Ltd (SAIL) and Tata Steel, already have their own mines, JSW’s
Vijayanagar plant in Karnataka has an annual steelmaking capacity of 12 million
tonnes and needs 22 million tonnes of iron ore a year.
In July JSW won the rights to operate five mines in
Karnataka which were re-opened under a stricter regulatory regime, the
country’s top court having closed them in 2011 due to environmental concerns,
and more mines are being put up for auction in November.
Nowal said the company aimed to more than triple annual
production from its own mines in three years with output to also be boosted by
the other mines that the company plans to bid for.
Source: in.reuters.com
