JSW Steel Crude Steel Production Rises 15 Percent to 22.93 LT
JSW Steel's total crude steel output rose 15 percent year-on-year to 2.29 million tonnes in May, supported by full production at its Dolvi facility and the increased capacity of JVML, despite a major blast furnace at Vijayanagar being offline for upgrades, the company reported.
The largest steel producer in the country by capacity reported that its Indian operations produced 2.19 million tonnes in the month, an increase of 15 percent from 1.91 million tonnes in the same month last year. Production at its US facility in Ohio increased by 20 percent, rising to 950,000 tonnes from 790,000 tonnes.
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JSW Steel ascribed the increased production mainly to the full functioning of its Dolvi facility, where a blast furnace was undergoing scheduled maintenance in May 2025, along with the total ramp-up of activities at JVML.
The firm stated that Blast Furnace-3 at its Vijayanagar plant in Karnataka is currently offline for a capacity expansion initiative and is anticipated to resume operations in the latter half of June 2026.
Even with the disruption, capacity utilization at the firm’s Indian operations stayed strong. Excluding Blast Furnace-3's capacity, utilization was approximately 98 percent in May. With the furnace, total utilization reached 87 percent.
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JSW Steel indicated that the year-on-year comparison does not include output from the Bhushan Power and Steel Ltd (BPSL) operation, which was transferred to JSW-JFE Steel Ltd, its joint venture with Japan's JFE Steel, through a slump sale finalized in March 2026. The production figures from the previous year were modified accordingly to maintain comparability.
The firm presently possesses a total crude steel capacity of 37.9 million tonnes per year (MTPA), with 4.5 MTPA coming from the JSW-JFE partnership, and intends to increase it to 54.8 MTPA within the next four years.
Additionally, in one of the largest industrial investments ever witnessed in India’s steel industry, JSW Steel began constructing its planned mega integrated steel complex at Dhinkia in Odisha's Jagatsinghpur district, with an expected investment surpassing Rs.1 trillion.
The project is under development on the land originally designated almost twenty years ago for South Korean steel behemoth Posco, whose planned 12 million tonne per annum (mtpa) steel venture, involving an investment of $12 billion, could not commence due to extended land acquisition conflicts and environmental issues.
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JSW Group Chairman Sajjan Jindal mentioned that this is the first instance in the nation where a colossal steel-making plant, boasting a production capacity of 13.2 mtpa, is being built with an investment exceeding Rs.1 trillion. He declared that the facility's capacity would ultimately be increased to 25 mtpa, ranking it among the largest steel complexes globally.