Salem Steel Plant record 65% rise in production

KOLKATA: Salem Steel Plant (SSP) has recorded a 65% increase in production of stainless steelin the first half this year with total sales of 44,125 tonnes of stainless steel products between April-September this year .

Sale of carbon steel products went up to 68,214 tonnes registering a growth of 127%. Production of hot rolling mill reached 1,01,027 ton-nes, while the plant's cold rolling mill grew by over 12% to 35,826 tonnes.

SSP has taken up an expansion project at an estimated cost of Rs 1,553 crores. Post-expansion, steel making facility at the plant is slated to increase to 1,80,000 tonnes of stainless steel slabs per annum. The cold rolling capacity is also scheduled to increase to 1,46,000 tonnes per annum.

The new facilities that will be added include a 50-tonne electric arc furnace, a 60 tonne AOD converter with a ladle furnace and a single strand slab caster. Apart from this an additional annealing and pickling line will be set up along with a grinding machine.

Source: http://economictimes.indiatimes.com/...how/411623.cms