January 24, 2012: Essar Steel India Ltd is now the world's second lowest labour cost producer of steel, the company's Chief Financial Officer (CFO) Amit Agarwal said.
"Our labour cost comes to around $8.20/ton of steel making, which is next only to $5.71/ton of Baosteel (Baoshan)," Agarwal told ISMW quoting data from CRU, its own data of select companies analysed.
According to the analysis, Rourkela Steel Plant of Steel Authority of India Ltd (SAIL) has a labour cost of $49.31/ton while the Tata Steel (Scunthorpe) plant has labour cost of $44.64/ton.
The labour cost per ton of steel production for JSW (Vijaynagar) is $11.64, Posco (Gwangyang) is $9.22/ton, Wuhan Steel (Qingshan) is $12.29/ton, ArcelorMittal (Tubaro) is $18.70 and POSCO (Pohand) has labour cost of $18.74/ton of steel produced, the data revealed.
Source: ISMW