Sajjan Jindal-led JSW Steel Ltd on Thursday (April 9) reported combined crude steel production of 30.14 million tonnes (MT) for FY26, marking an 8% increase from 27.79 MT in FY25. The company’s Indian operations produced 29.25 MT, up from 26.98 MT, while its US Ohio unit contributed 0.83 MT.
For Q4FY26, consolidated crude steel production stood at 7.43 MT, down 1% from the previous quarter and 3% lower than Q4FY25. Production from Indian operations increased 1% quarter-on-quarter to 7.34 MT but declined 1% year-on-year.
Capacity utilisation for Indian operations, including the ongoing Vijayanagar blast furnace-3 (BF-3) upgrade, was approximately 87% for the quarter, and around 96% excluding BF-3 capacity.
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JSW Steel’s Salem unit underwent an upgrade with a new ladle furnace and vacuum degasser commissioned in February 2026, raising capacity from one MTPA to 1.15 MTPA. The Vijayanagar BF-3 shutdown, effective since September 2025, impacted production and utilisation during FY26.
The company also incorporated production from JSW Sambalpur Steel Ltd, formed via a slump sale of Bhushan Power and Steel Ltd’s steel business undertaking on March 27, 2026, as part of a joint venture with JFE Steel, Japan.
Shares of JSW Steel Ltd ended at ₹1,209, up by ₹14.95, or 1.25%, on the BSE today, April 9.
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(Edited by : Shoma Bhattacharjee)
