JSW Steel slides as April 2026 crude steel production declines 1% YoY

JSW Steel fell 1.17% to Rs 1,247.65 after the company reported combined crude steel production of 21.18 lakh tonnes for April 2026, registering a 1% decline compared with 21.40 lakh tonnes produced in April 2025.

The company?s Indian operations produced 20.40 lakh tonnes during the month, down 1% from 20.56 lakh tonnes in the corresponding period last year. Its US Ohio unit contributed 0.78 lakh tonnes, marking a 7% YoY decline from 0.84 lakh tonnes.

The company said that Blast Furnace 3 (BF3) at Vijayanagar is currently shut down for capacity upgradation, impacting crude steel production at the Indian operations level. However, excluding BF3 production from last year?s base, production growth was around 10%, driven by the full ramp-up of JVML operations. Capacity utilisation at Indian operations for the month stood at approximately 94%, excluding BF3 capacity, and 83%, including BF3 capacity.

JSW Steel is the flagship business of the diversified, US$23 billion JSW Group. As one of India?s leading business houses, JSW Group also has interests in energy, infrastructure, cement, paints, realty, e-platforms, mobility, defence, sports, and venture capital.

The company?s consolidated net profit zoomed 198.32% to Rs 2,139 crore in Q3 FY26, compared with Rs 717 crore in the corresponding period last year. Revenue from operations rose 11.14% year-on-year to Rs 45,991 crore in the quarter ended 31 December 2025.

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