JSW Steel Reports 8% Increase in FY26 Crude Steel Production to 30.14 Million Tonnes
JSW Steel FY26 crude steel production rises 8% to 30.14 MT
Business Standard
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JSW Steel achieved a crude steel production of 30.14 million tonnes (MT) for FY26, an 8% increase from the previous year. The company's Indian operations produced 29.25 MT, while its US unit contributed 0.83 MT. Despite a slight decline in Q4 production, overall performance reflects strong growth.
- 01JSW Steel's production increased to 30.14 MT in FY26, up 8% from FY25.
- 02Indian operations contributed 29.25 MT, while the US unit added 0.83 MT.
- 03Q4FY26 production was 7.43 MT, down 1% from the previous quarter.
- 04Capacity utilization in India was approximately 87%, affected by upgrades.
- 05Net profit surged by 198.32% to ₹2,139 crore in Q3 FY26.
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JSW Steel reported a significant increase in crude steel production for FY26, reaching 30.14 million tonnes (MT), which is an 8% rise from 27.79 MT in FY25. The Indian operations alone produced 29.25 MT, while the US facility in Ohio contributed 0.83 MT. For Q4FY26, the consolidated production was 7.43 MT, reflecting a 1% decrease from the previous quarter and a 3% drop compared to Q4FY25. Despite these quarterly challenges, production from Indian operations saw a 1% increase quarter-on-quarter, although it declined by 1% year-on-year. The company's capacity utilization for Indian operations stood at approximately 87%, with around 96% when excluding the ongoing upgrade of the Vijayanagar blast furnace-3 (BF-3). Additionally, JSW Steel's Salem unit upgraded its capacity from 1 million tonnes per annum (MTPA) to 1.15 MTPA. The shutdown of the Vijayanagar BF-3 since September 2025 has impacted production levels throughout FY26. The company also integrated production from JSW Sambalpur Steel, established through a slump sale of Bhushan Power and Steel Ltd's assets on March 27, 2026, in partnership with JFE Steel of Japan. In terms of financial performance, JSW Steel's consolidated net profit soared by 198.32% to ₹2,139 crore in Q3 FY26, compared to ₹717 crore in the same period last year, while revenue from operations increased by 11.14% year-on-year to ₹45,991 crore for the quarter ending December 31, 2025. Following these announcements, shares of JSW Steel rose by 0.49% to ₹1,215.70 on the Bombay Stock Exchange (BSE).
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The increase in crude steel production may lead to more job opportunities and economic growth in the regions where JSW Steel operates, particularly in India.
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