Essar Steel clocks highest monthly crude steel production in March

MUMBAI: Steel major Essar Steel today said it has clocked its highest-ever monthly crude steel production at 3.8-lakh tonnes in March, up 24.04 per cent, as compared to 3.07-lakh tonnes in the year-ago period.

The company's finished steel production also rose--25.41 per cent at 3.97-lakh tonnes-- in March this year as against 3.17-lakh tonnes in the year-ago period, a release issued here stated.

Essar Steel is close to completing its expansion of steel-making capacity to 10 Million Tonnes Per Annum (MTPA).

As a part of this expansion, Essar Steel has already commissioned two iron making units.

On completion of the expansion, Essar Steel will be the largest flat steel producer in a single location in the country, the release said.

Further, the company also recently commissioned India's first 5-m wide plate mill with a capacity of 1.5 MTPA, it said.