JSW Steel’s May Steel Production Rises 8% Year-on-Year To 2.3 Million Tonnes

JSW Steel Ltd. reported consolidated steel production of around 2.3 million tonnes in May, up 8% compared to the same month last year. Production in India grew 9% year-on-year to nearly 2.2 million tonnes, while output from its US operations fell 7% to 79,000 tonnes.

Capacity utilisation in India was at 80%, impacted by a planned maintenance shutdown of a blast furnace at the Dolvi plant in Maharashtra.

For the April-May period, cumulative steel production rose 13% year-on-year to about 4.8 million tonnes. Indian output for the same period increased 13% to nearly 4.6 million tonnes, and US production from Ohio rose nearly 7% to 163,000 tonnes.

JSW Steel has a consolidated crude steel capacity of 35.7 million tonnes per annum, including 1.5 million tonnes in the US. The company is commissioning an additional 5 million tonnes of capacity and aims to increase consolidated capacity to 43.4 million tonnes over the next three years.

Its Vijayanagar plant in Karnataka remains India’s largest single-location steel producer, with a current annual capacity of 17.5 million tonnes.