Commodities● Neutral
JSW Steel Q1 output rises 3% after planned blast furnace shutdown
Indian steelmaker's crude steel production hit 6.59 mt in Q1 FY27. Excluding the BF3 impact, volumes would have grown 15%. The company targets 54.8 MTPA capacity in four years.
Continue with
JSW Steel Ltd reported consolidated crude steel production of 6.59 million tonnes for the first quarter of FY2026-27, up 3% from a year earlier, the company said in a press release on Thursday.
The pace of growth was restrained by a planned shutdown of Blast Furnace 3 at the Vijayanagar plant in Karnataka, which was offline for capacity upgrades until June 23. Excluding the BF3 impact, output would have climbed roughly 15% year-on-year, the company said. Capacity utilisation for Indian operations, excluding the idled furnace, stood at about 94% during the quarter.
Indian operations accounted for 6.35 mt of the total, up 3% from the same quarter last year and slightly above the 6.32 mt in the preceding quarter. The US subsidiary, JSW Steel USA – Ohio, produced 0.24 mt, flat versus a year earlier but up from 0.15 mt in Q4.