JSW Steel Reports 1% Drop in April Crude Steel Production to 2.11 Million Tonnes
JSW Steel crude steel output drops 1% in April to 2.11 million tonnes
Business Standard
Image: Business Standard
JSW Steel, part of the JSW Group, reported a 1% decrease in crude steel production for April 2023, totaling 2.11 million tonnes compared to the same month last year. The decline was attributed to the temporary shutdown of a blast furnace for upgrades, although capacity utilization remained strong at 94% excluding the affected capacity.
- 01JSW Steel's crude steel output fell by 1% year-on-year in April 2023.
- 02Indian operations contributed 2.04 million tonnes, slightly down from 2.056 million tonnes last year.
- 03US operations saw a 7% decline in production, totaling 0.78 lakh tonnes.
- 04Capacity utilization in Indian operations was 94% excluding the affected blast furnace.
- 05JSW Steel plans to expand its production capacity to 48.9 million tonnes per annum over the next four years.
Advertisement
In-Article Ad
JSW Steel, the flagship steel producer of the JSW Group, reported a 1% decline in crude steel production for April 2023, totaling 2.11 million tonnes compared to 2.14 million tonnes in April 2022. The Indian operations contributed 2.04 million tonnes, down from 2.056 million tonnes last year, while the US operations in Ohio produced 0.78 lakh tonnes, reflecting a 7% decrease. The drop in production was primarily due to the temporary shutdown of Blast Furnace-3 (BF3) at the Vijayanagar steel complex for capacity upgrades. Despite this, the company reported a strong capacity utilization rate of 94% when excluding BF3's capacity. JSW Steel has a consolidated crude steel capacity of 35.7 million tonnes per annum (mtpa) and aims to expand this to 48.9 mtpa over the next four years. The company is investing over ₹2 trillion (approximately $24 billion USD) in various projects across India, including a 13.2 mtpa integrated steel plant in Paradip, Odisha, and an integrated electric vehicle and battery manufacturing complex in Cuttack district.
Advertisement
In-Article Ad
The production decline may affect the availability of steel for local industries, potentially impacting prices and project timelines in sectors like construction and manufacturing.
Advertisement
In-Article Ad
Reader Poll
Do you think JSW Steel's expansion plans will positively impact the steel market?
Connecting to poll...
More about JSW Steel
JSW Steel Anticipates Strong Q4FY26 Earnings Growth Amid Positive Market Outlook
Business Standard • May 12, 2026
Indian Companies Announce $20.5 Billion Investment in the US, Including $1.1 Billion in New Projects
Ndtv • May 6, 2026
L&T Secures Record ₹10,000-15,000 Crore Contract from JSW Steel for Expansion Projects
Business Standard • May 6, 2026
Read the original article
Visit the source for the complete story.