Rourkela: Rourkela Steel Plant (RSP) has earned net profit in the last three months that ended in November 30, 2017.
In the April-November period, the Steel Plant has made record 2168505 tonnes of hot metal, 2093761 tonnes of crude steel and 1922408 tonnes of saleable steel, which are the best ever production figures since inception. With this the Steel plant recorded growth of 12.8%, 15.1% and 9.8% over the corresponding period last year in the three major areas that are production of hot metal, crude steel and saleable steel. In the first 8 months of the current financial year, the New Plate Mill rolled out 510171 tonnes of plates and the total HR Coil production touched 1094896 tonnes thereby setting new records. The total saleable steel despatch too was a record 1980840 tonnes.
The improvement in inputs to blast furnace namely sinter and coke, both in terms of quality as well as consistency resulted in RSP achieving the lowest ever coke rate in BF 4 and 5 contributed to the Plant’s stellar performance. This has made the hot metal cheaper and helped RSP absorb the rise in cost of imported coking coal and the reduction in the Net Sales Realisation (NSR) of the finished goods.
RSP has positioned itself in such a way that all the products from the New Plate Mill are getting sold in the market. Besides, the New Plate Mill is producing more value added products in terms of NSR. Similarly in HR coils, RSP has maximised rolling of 3mm chequered plates. RSP is now strictly producing as per orders thereby reducing its inventory. Another positive aspect is the increase in the secondary sales over the last three months.