JSW Steel Reports 15% Increase in May Crude Steel Production
JSW Steel's May crude steel output rises 15% to 2.29 million tonnes
Image: Business Standard
JSW Steel's crude steel production rose 15% year-on-year to 2.29 million tonnes in May, driven by full operations at its Dolvi plant and ramp-up at JVML. Despite a blast furnace shutdown at Vijayanagar for expansion, overall capacity utilization remained strong at 87%.
- 01JSW Steel's production from Indian operations reached 2.19 million tonnes, a 15% increase from 1.91 million tonnes last year.
- 02Production at the US facility in Ohio grew by 20% to 950,000 tonnes compared to 790,000 tonnes in the previous year.
- 03Blast Furnace-3 at Vijayanagar is shut for expansion but overall capacity utilization was 87%, with 98% excluding the furnace's capacity.
- 04The company aims to expand its crude steel capacity from 37.9 million tonnes per annum (MTPA) to 54.8 MTPA over the next four years.
- 05The year-on-year comparison excludes production from Bhushan Power and Steel Ltd, which was transferred to a joint venture with JFE Steel.
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In May, JSW Steel reported a 15% increase in its crude steel production, reaching 2.29 million tonnes compared to the previous year. This growth was primarily attributed to the full operational capacity at its Dolvi plant and the ramp-up of operations at Jindal Vijayanagar Steel Limited (JVML). Production from Indian operations alone was 2.19 million tonnes, up from 1.91 million tonnes a year earlier. Additionally, the company's facility in Ohio saw a 20% rise in output, totaling 950,000 tonnes. Despite a key blast furnace at the Vijayanagar facility being offline for expansion, overall capacity utilization remained robust at 87%, while it was 98% when excluding the affected furnace's capacity. JSW Steel is also planning to expand its total crude steel capacity from 37.9 million tonnes per annum (MTPA) to 54.8 MTPA within the next four years. The production figures for the previous year were adjusted to exclude output from Bhushan Power and Steel Ltd, which was transferred to a joint venture with Japan's JFE Steel in March 2026.
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The increase in production could lead to enhanced job security and potential hiring in the steel sector due to higher operational capacity.
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