JSW Steel Reports 30.14 Million Tonnes Production for FY26
Filing Summary
JSW Steel Ltd announced a combined crude steel production of 30.14 million tonnes for the fiscal year 2026, reflecting an 8% year-on-year growth. The company’s Indian operations produced 29.25 million tonnes, while JSW Steel USA contributed 0.83 million tonnes. The Salem unit’s capacity increased to 1.15 MTPA following upgrades. The shutdown of Blast Furnace-3 at Vijayanagar impacted production, with capacity utilization at 92% excluding the furnace. JSW Sambalpur Steel Ltd added 0.06 million tonnes post-transfer from Bhushan Power and Steel. The Q4 FY26 production was 7.49 million tonnes.
JSW Steel Ltd reported a combined crude steel production of 30.14 million tonnes for the fiscal year 2026, marking an 8% growth compared to the previous year. The company’s Indian operations contributed 29.25 million tonnes, while JSW Steel USA produced 0.83 million tonnes. The production figures include contributions from JSW Sambalpur Steel Ltd, which added 0.06 million tonnes following the transfer of assets from Bhushan Power and Steel Limited.
The financial year 2026 saw significant operational developments at JSW Steel. The Salem unit underwent upgrades, including the installation of a new Ladle Furnace and Vacuum Degasser, increasing its capacity from 1.0 MTPA to 1.15 MTPA by March 2026. However, the shutdown of Blast Furnace-3 at Vijayanagar for capacity upgradation since September 2025 affected production levels. Despite this, the capacity utilization for the combined Indian operations stood at approximately 92% excluding the furnace and 87% including it.
In terms of timeline, the upgrades at the Salem unit were completed by the end of February 2026, with the increased capacity effective from March 2026. The shutdown of Blast Furnace-3 at Vijayanagar began at the end of September 2025 and continued to impact production throughout FY26. The production for Q4 FY26 was 7.49 million tonnes, with capacity utilization at 96% excluding the furnace and 87% including it.
The entities involved in these operations include JSW Steel’s Indian and USA operations, as well as JSW Sambalpur Steel Ltd. The latter became part of the production figures following the transfer of assets from Bhushan Power and Steel Limited, which was completed on March 27, 2026. This transfer was part of a joint venture formation with JFE Steel Japan.
In the context of market relevance, JSW Steel’s production growth aligns with its strategic objectives to enhance capacity and operational efficiency. The upgrades at the Salem unit and the ongoing developments at Vijayanagar are part of the company’s efforts to optimize its production capabilities. The inclusion of JSW Sambalpur Steel Ltd in the production figures reflects the company’s expansion strategy through strategic acquisitions and partnerships.
JSW Steel is a leading integrated steel company in India, part of the diversified JSW Group. The company focuses on expanding its production capacity and enhancing operational efficiencies. It has a strategic collaboration with JFE Steel of Japan to access advanced technologies for producing high-value steel products. JSW Steel is committed to sustainability and aims to reduce CO2 emissions significantly by 2030, with a long-term goal of achieving net-zero carbon emissions by 2050.