JSW Steel Reports Consolidated Crude Steel Production of 6.59 Million Tonnes for Q1 FY27
JSW Steel has reported its consolidated Crude Steel production figures for the first quarter (Q1) of the fiscal year 2026-27, noting a total production of 6.59 million tonnes. The company provided detailed breakdowns of operations across its domestic and international units.The Q1 FY27 performance data reflected varying growth rates across different operational segments. Domestic Indian Operations contributed 6.35 MnT to the consolidated figure, compared to 6.32 MnT in Q4 FY26 and 6.14 MnT in Q1 FY26. JSW Steel USA - Ohio produced 0.24 MnT in Q1 FY27, against 0.15 MnT in Q4 FY26 and 0.24 MnT in Q1 FY26.
The consolidated production across all units stood at 6.59 million tonnes for Q1 FY27, marking a 2% increase (YoY) compared to the previous year and showing a sequential rise of 0.3%.
| Particulars | Q1 FY27 (MnT) | Q4 FY26 (MnT) | Q1 FY26 (MnT) | QoQ | YoY |
|---|---|---|---|---|---|
| Indian Operations | 6.35 | 6.32 | 6.14 | 0.3% | 3% |
| JSW Steel USA - Ohio | 0.24 | 0.15 | 0.24 | ||
| Consolidated Production | 6.59 | 6.48 | 6.38 | 2% | 3% |
Operational Insights and Capacity Utilization
The company highlighted several factors influencing the quarter’s output, including a shutdown for capacity upgrades at Blast Furnace 3 (BF3) in Vijayanagar. BF3 began hot-metal production on June 23, 2026, and its downtime impacted the consolidated growth rate for the quarter.Despite this setback, JSW Steel noted that if the impact of BF3 from the previous year’s base was excluded, Q1 FY27 volumes increased by approximately 15% year-on-year. This growth was attributed to the full ramp-up of Joint Venture Manufacturing Ltd (JVML) operations and improved utilization at the Dolvi Unit.
The capacity utilization rate for Indian operations in Q1 FY27 was reported to be around 94%, excluding the BF3 capacity that was under shutdown for upgrades.
It is noted that production figures have been adjusted due to the transfer of the steel business undertaking from Bhushan Power and Steel Limited (BPSL), a subsidiary, which was transferred on a slump-sale basis to JSW-JFE Steel Limited (a JV company) in March 2026.
JSWSTEEL Stock Price Movement
Shares of JSW Steel Limited are edging higher to ₹1223.40 as of 10:08 AM today, climbing by 0.32% in live market trading. The company's stock has seen activity with a total traded volume of 261,267 shares so far this morning.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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