JSW Steel reports 12% surge in Q3 crude steel production

Capacity utilization at Indian operations stood at 94 percent for the third quarter

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26 Aug, 2025 12:21

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JSW Steel has said that its consolidated crude steel production for the third quarter of FY24 stood at 6.87 million tonnes, up 8 percent over the last quarter and 12 percent over the year, as a spurt in infrastructure projects boosted demands for the metal.

Capacity utilisation at Indian operations stood at 94 percent for the third quarter, the company said in a BSE filing on January 9. This comes amid Crisil's recent projection that steel sector in India is poised to clock its third consecutive year of double-digit growth, at 11-13 percent on-year in the current fiscal.

Also read: India’s steel import to remain elevated at 6MT in FY24 amid robust demand: Crisil

Shares of the company remained largely flat in the afternoon trade.

In Indian operations, crude steel production jumped 9 percent  Y-o-Y to 6.63 million tonnes. Sequentially, production rose 7 percent as against 6.20 million tonnes in Q2FY24.

For the USA-Ohio operations, the steelmaker posted a 191 percent on-year increase in crude steel production at 0.24 million tonnes, on a sequential basis production rose 76 percent as against 0.14 million tonnes in Q2FY24.

The Sajjan Jindal-led steel giant reported quarterly consolidated total income of Rs 44,821 crore in the September quarter as against Rs 41,966 crore a year ago.

Also read: JSW Steel Q2 Result: Net profit at Rs 2,773 crore on low fuel cost, high sales

In the second quarter, consolidated crude steel production  stood at 6.34 million ton, lower by 1 percent quarter-on-quarter and higher by 12 percent year-on-year.