JSW Steel Achieves Record 7.03 Million Tonnes Crude Steel Production in Q3 FY25

JSW Steel has reported its highest-ever consolidated crude steel production for the third quarter of FY 2024-25, reaching 7.03 million tonnes (Mnt), marking a 4% increase quarter-on-quarter (QoQ) and a 2% increase year-on-year (YoY).

Steel Production Details

The company stated that the strong performance was driven primarily by Indian operations, which achieved a record production of 6.82 Mnt in Q3 FY25, up by 3% both QoQ and YoY. However, the production and capacity utilisation were temporarily affected by maintenance activities at one of the blast furnaces at the Dolvi plant in October 2024. The furnace resumed normal operations in early November.

The company also reported a capacity utilisation of 91% for its Indian operations in Q3 FY25, excluding trial-run production. The breakdown of production includes 0.21 Mnt from JSW Steel USA (Ohio) and 6.82 Mnt from Indian operations, including 0.12 Mnt from trial runs.

JSW Steel is progressing with its 5 million tonnes per annum (MTPA) integrated steel project at Vijayanagar, spearheaded by its wholly-owned subsidiary JSW Vijayanagar Metallics Ltd. (JVML). During Q3 FY25, JVML commissioned one of the two converters and castors at its steel melt shop. The full ramp-up of this facility is expected by Q4 FY25, increasing the total crude steel capacity at Vijayanagar from 29.2 MTPA to 34.2 MTPA.

For the nine months ending December 31, 2024, JSW Steel’s consolidated production was 20.16 Mnt, an increase from 19.89 Mnt in the same period the previous year. This was boosted by growth in Indian operations and steady performance at JSW Steel USA.

On January 10, 2025, JSW Steel share price opened at ₹890.95, touching the day’s high at ₹896.05, as of 10:58 AM on the NSE.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.