Weaning away from external suppliers for HR coils
: Bhushan Steel – one of the last players to ride the band wagon of back ward integration - is on the verge of commissioning its 2.2 mmT pa that will be fully ready and running by the second half of FY10 at an expense of Rs 60 bn. The green field facility will help the company service its requirement of the HR coils in-house, although it will be dependent on its requirement of raw material for Steel making on the spot market. Out of the 2.2 mmT steel made per year, 1.9 mmT will be fed to make Hot rolled coils (HR coils) while the rest for long products. The surplus HR coils would be offloaded to the market. Higher production will help drive the topline of the company.
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