JSW Steel January output slips 2 per cent amid maintenance shutdowns

MUMBAI: JSW Steel’s consolidated crude steel production edged down 2 per cent year on year in January 2026, reflecting planned maintenance shutdowns in India and the United States rather than any slowdown in demand.

The company produced 24.75 lakh tonnes during the month, compared with 25.18 lakh tonnes a year earlier. Indian operations remained steady, delivering 24.58 lakh tonnes, slightly above last year’s 24.52 lakh tonnes, despite ongoing upgrades at the Vijayanagar plant in Karnataka.

Blast Furnace 3 at Vijayanagar, the country’s largest single-location steel facility with a capacity of 17.5 mtpa, has been offline since September 2025 for expansion work. As a result, capacity utilisation at Indian plants stood at 85 per cent; excluding the idled furnace, utilisation rose to a robust 93 per cent.

In contrast, output at JSW’s Ohio facility in the US fell sharply, sliding 74 per cent year on year to 0.17 lakh tonnes. Production was curtailed by a planned caster upgrade shutdown from mid-December 2025 until January 11, 2026.

JSW Steel, the $23 billion flagship of the OP Jindal Group, is pressing ahead with expansion plans. Domestic capacity currently stands at 34.2 mtpa, with global capacity at 35.7 mtpa. The company aims to lift total capacity to 48.9 mtpa over the next four years.

The steelmaker is also doubling down on decarbonisation. Ranked number one globally in the steel sector in the S&P Global Corporate Sustainability Assessment 2025, JSW targets a 42 per cent cut in carbon emissions by 2030 and net-zero status by 2050, with a goal to run entirely on renewable energy by the end of the decade.