JSW Steel reported a consolidated crude steel production of 21.18 lakh tonnes for April 2026, a decline of 1% compared to 21.40 lakh tonnes in the same month last year, as detailed in a regulatory filing made to the stock exchanges on Tuesday.
Within this, Indian operations accounted for 20.40 lakh tonnes, reflecting a marginal year-on-year decline of 1%. Meanwhile, the company’s facility in Ohio, USA, produced 0.78 lakh tonnes, marking a 7% decrease from 0.84 lakh tonnes in April 2025.
The primary reason for the dip in domestic output can be attributed to a planned shutdown of Blast Furnace 3 (BF3) at the Vijayanagar plant in Karnataka for capacity upgrades. When excluding BF3 from the previous year’s production figures, steel output growth was approximately 10%, primarily fueled by the full ramp-up of operations at JVML. Capacity utilization at Indian operations was about 94% when excluding BF3, but it dropped to 83% when including BF3 capacity.
The year-ago figures have been adjusted following the transfer of Bhushan Power and Steel Limited’s steel business to JSW-JFE Steel Limited, a joint venture, on a slump-sale basis in March 2026.
On the National Stock Exchange (NSE), shares of JSW Steel were trading at ₹1,250.60 at 12:50 PM on Tuesday, down 0.95% from the previous closing price of ₹1,262.60. This pricing gives the company a market capitalization of approximately ₹3.06 lakh crore. Over the past year, the stock has significantly outperformed the broader market, delivering a return of 24%, in contrast to a 5.6% decline in the Nifty 50 index during the same period.
JSW Steel currently holds a consolidated crude steel capacity of 35.7 million tonnes per annum (MTPA) and has plans to expand this capacity to 48.9 MTPA over the next four years.
Published on May 12, 2026.
