Displaying items by tag: JSW Steel

India: JSW Cement recorded a market share of 83% in the Indian ground granulated blast furnace slag (GGBS) market in the 2024 financial year, which ended on 31 March 2024. CNBCTV News has reported that JSW Cement sells GBFS produced from slag supplied by fellow JSW Group company JSW Steel, alongside other partners in the steel sector. JSW Steel is presently expanding its refineries in Dolvi, Maharashtra, and Vijayanagar, Karnataka.

JSW Cement’s existing customers include construction firms for the Mumbai Coastal Road, Mumbai Trans-Harbour Sea Link, Bengaluru International Airport and nuclear power plant projects. India’s total national consumption of slag in the reporting period was an estimated 6 – 6.2Mt. Ratings agency CRISIL has forecast composite annual growth of 15 – 16% until the 2029 financial year, to reach 13Mt.

India: JSW Cement has appointed Finland-based Coolbrook to install its RotoDynamic Heater electric kiln technology at the Vijayagar steel works and slag and cement grinding plant in Karnataka. The Press Trust of India has reported that the partners expect the technology to reduce the CO₂ emissions of the plant’s slag cement.

Read about the applications for the RotoDynamic Heater in cement production in this Global Cement interview with Coolbrook CEO Joonas Rauramo.

India: JSW Steel has signed a 10-year agreement with US-based Harsco for a range of mill services. Harsco will provide JSW Dolvi in Maharashtra with on-site slag handling services including under-furnace digging, ladle wrecking, and hot slag transport. No value for the contract has been disclosed.

India: In the fourth quarter of its 2015 financial year, which ended on 31 March 2015, JSW Steel reported a net profit of US$9.81m, down by 87% year-on-year. Its sales during the quarter fell by about 12% year-on-year to US$1.94bn. The company said that its profits and sales were hurt because of oversupply of steel products in the market because of dumping of steel from China, Korea, Japan and Russia. The company's earnings were also impacted by its other businesses and JSW Steel will sell its cement business to HeidelbergCement India.