JSW Steel consolidated steel production declines 2% to 24.75 lakh tonne in January

Shares of JSW Steel Ltd.'s consolidated crude steel production for January 2026 declined 2% to 24.75 lakh tonne from the previous year.

The company, in its business update for January, said its capacity utilisation for Indian operations for the quarter, including blast furnace 3 (BF3) capacity, was at 85%.

The company said the crude steel production at Indian operations level was marginally higher from the previous year.

Its BF3 at Vijayanagar is under shutdown for upgradation of capacity since September 2025 and is expected to be commissioned by the end of the fourth quarter. Consequently, this affected the capacity utilisation at Indian operations in January 2026, it said.

The company said the production at its US Ohio operations was lower due to scheduled outage for caster upgrades from December 15, 2025 to January 11, 2026. Its production here declined 74% to 0.17 lakh tonne from 0.66 lakh tonne in January 2025.

JSW Steel's December quarter earnings beat Street expectations. Its net profit of ₹2,410 crore was sharply higher than Street estimates of ₹1,509 crore and was three times the ₹719 crore reported in the year-ago period.

Its revenue increased 11.1% to ₹45,991 crore, and its consolidated sales volumes touched an all-time high of 7.64 million tonne, up 14% from the previous year.

Shares of JSW Steel were up 0.55% at ₹1,251.8 apiece around 10.15 am on Tuesday. The stock has gained 30.6% in the past year.

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