JSW Steel

JSW Steel on Friday posted a 6 per cent year-on-year rise in consolidated steel output to 7.48 million tonne (MT) in the December quarter. It had produced 7.03 million tonne (MT) crude steel in the October-December period of the preceding 2024-25 fiscal year from India and the US operations, JSW Steel said in an exchange filing. Blast Furnace 3 (BF3) at Vijayanagar is under shutdown for upgrade of capacity from end of September 2025 and is expected to be commissioned by end of Q4 FY26. Consequently, this affected the capacity utilisation at Indian operations for Q3, FY26. The capacity utilisation for Indian operations for the quarter, excluding blast furnace (BF3) capacity, was at 93 per cent and including BF3 capacity was at 85 per cent.

CCI has sought financial statements to calculate penalties

The CCI probe into the steel industry began in 2021 after builders alleged nine firms colluded to restrict steel supply and hike prices in a criminal case

Steel stocks in focus amid reports that the government has notified the much-awaited Anti-dumping duty/safeguard duty on flat steel imports for a period of 3 years.

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Sajjan Jindal-led JSW Steel on Tuesday said its consolidated crude steel production rose 5 per cent to 24.39 lakh tonnes in November. The growth underscores the company's continued expansion and resilience in the competitive steel industry, strengthening its position as a key player in the country's infrastructure sector. The company's crude steel output was 23.23 lakh tonnes in the corresponding month of the previous fiscal, JSW Steel said in a filing to BSE. The production of its Indian operations also increased 5 per cent to 23.61 lakh tonnes during the month. The company said capacity utilisation at its Indian operations stood at 84 per cent, lower due to the shutdown of a blast furnace at its Vijayanagar facility for capacity upgradation. JSW Steel is the flagship business of the diversified USD 23 billion JSW Group. As one of the country's leading business houses, JSW Group also has interests in energy, infrastructure, cement, paints, realty, e-platforms, mobility, defence,

JSW Steel's BPSL restructuring and its 50:50 JFE JV signal major deleveraging and a cleaner structure, adding tech benefits even as consolidated operating profit is expected to moderate

Emkay Global Financial Services values BPSL at ₹53,000 crore or 11.8x on FY27E, with EV/Ebitda, well above its prior internal estimate of ₹40,500 crore

The deal is aimed at bolstering the growth of the two steelmakers, whose partnership goes back to 2009, when they signed a comprehensive agreement

JFE Steel Corporation of Japan will invest Rs 15,750 crore to form a joint venture with Sajjan Jindal-led JSW Steel, according to a regulatory filing. The joint venture (JV) will include JSW Steel's arm Bhushan Power & Steel Ltd's (BPSL) integrated steel plant, situated in Odisha. In a BSE filing, JSW Steel said it has "entered into a strategic joint venture partnership with JFE Steel Corporation, Japan (JFE). The steel business undertaking of Bhushan Power and Steel Ltd (BPSL) will be transferred to a 50:50 joint venture with JFE through a slump sale, with a cash consideration of Rs 24,483 crore. JFE will invest Rs 15,750 crore in two tranches to acquire a 50 per cent stake in the joint venture, it added. JSW Steel had acquired BPSL in 2021 through Insolvency and Bankruptcy Code (IBC) process and successfully transformed it from a 2.75 2.75 million tonnes per annum (MTPA) distressed unit into a profitable company with an expanded capacity of 4.5 MTP, currently employing 25,000 ..

Nomura says the broad-based slowdown validates earlier expectations of a sharper demand slump in the second half of the year.

The stake sale could help scale Bhushan Power & Steel's capacity to 10 million tonnes and strengthen JSW's partnership with Japan's JFE while keeping debt in check

In June, the government extended the curbs, introducing country-specific quotas and capping overseas purchases at 1.4 million tons between July 1 and December 31

'The company was waiting for more clarity on the CBAM framework and tariff structures before finalising its capacity expansion plans and its timing'

Rising coking coal costs, low steel prices, and export challenges may weigh on JSW Steel's near-term margins, though management expects price recovery ahead

On the bourses at 9:20 AM, JSW Steel share price was trading 0.28 per cent lower at ₹1,159.50 per share. By comparison, BSE Sensex was trading 0.8 per cent higher at 84,620.90 levels.

CEO Jayant Acharya says domestic demand remains firm, expects steel prices to recover and safeguard measures to strengthen as imports rise

The firm's total revenue, on a consolidated basis, increased 13.8 per cent to Rs 45,152 crore from Rs 39,684 crore last year

The company kickstarts quarterly results for the industry, which has seen steel prices drop despite the Indian government's import tariff on some steel products