JSW Steel Limited has informed the Exchange regarding a press release dated January 09, 2026, titled "JSW Steel reports quarterly Consolidated Crude Steel Production of7.48 million Tonnes for Q3 FY26".
JSWSTEEL · price
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JSW Steel reported consolidated crude steel production of 7.48 million tonnes (Mnt) for Q3 FY26, up 6% year-on-year but down 5% from Q2 FY26. Indian operations produced 7.28 Mnt (+7% YoY), while JSW Steel USA Ohio contributed 0.20 Mnt. The sequential decline was due to the planned shutdown of Blast Furnace 3 (BF3) at Vijayanagar for capacity upgradation, which has been offline since end-September 2025 and is expected to recommission by end of Q4 FY26. Indian operations' capacity utilisation was around 93% excluding BF3 and 85% including BF3. For 9M FY26, consolidated production rose 12% YoY to 22.65 Mnt, driven by a 12% jump in Indian operations to 21.97 Mnt.
Healthy double-digit YoY growth for 9M FY26 is positive for shareholders, but the QoQ dip due to the BF3 outage is a known factor. Investors will likely focus on the timely BF3 restart by end of Q4 FY26, which should lift utilisation and volumes meaningfully in FY27, alongside the planned capacity expansion to 43.4 MTPA over the next three years.