JSW Steel lifts Q3 crude steel output 6 per cent

MUMBAI: JSW Steel reported consolidated crude steel production of 7.48 million tonnes in the third quarter of FY26, a 6 per cent rise year-on-year, even as a key blast furnace upgrade constrained capacity utilisation at its Indian operations.

Production slipped 5 per cent sequentially from 7.90 million tonnes in Q2 FY26, largely due to the shutdown of blast furnace 3 at the Vijayanagar plant for capacity expansion. The furnace has been offline since late September 2025 and is expected to be commissioned by the end of Q4 FY26.

Indian operations produced 7.28 million tonnes during the quarter, up 7 per cent year-on-year but lower sequentially. Excluding BF3, capacity utilisation stood at about 93 per cent; including the idled furnace, utilisation fell to 85 per cent. JSW Steel’s Ohio facility in the US contributed 0.20 million tonnes.

For the nine months ended FY26, consolidated crude steel production rose 12 per cent to 22.65 million tonnes, driven by stronger domestic output. Indian operations accounted for 21.97 million tonnes during the period, up from 19.58 million tonnes a year earlier.

JSW Steel currently operates consolidated crude steel capacity of 35.7 million tonnes per annum, including 1.5 MTPA in the US. The company plans to expand capacity to 43.4 MTPA over the next three years, with Vijayanagar remaining its largest single-location facility.