Consolidated crude steel production at 7.27 million tonnes for Q2 FY27

JSW Steel reported consolidated crude steel production of 7.27 million tonnes for Q2 FY27, up 10% QoQ and 5% YoY.

Thu 8 Oct 2026

Consolidated crude steel production

7.27 million tonnes for Q2 FY27

Growth

up 10% QoQ and 5% YoY

Indian operations production / capacity utilisation

7.07 million tonnes with 88% capacity utilisation

Consolidated production for Q2 FY27

• Consolidated crude steel production was 7.27 million tonnes, registering growth of 10% QoQ and 5% YoY.
• Indian operations produced 7.07 million tonnes, up 11% QoQ and 5% YoY.
• JSW Steel USA – Ohio produced 0.20 million tonnes, against 0.24 million tonnes in Q1 FY27 and 0.24 million tonnes in Q2 FY26.

Half-year picture (H1 FY27)

• Consolidated production was 13.86 million tonnes, up 4% YoY.
• Indian operations: 13.41 million tonnes, up 4%.
• JSW Steel USA – Ohio: 0.45 million tonnes, against 0.48 million tonnes in H1 FY26.

Operating detail

• Capacity utilisation of Indian operations was 88% for Q2 FY27, while capacity utilisation is ~90% for the month of September 2026, as BF3 of Vijayanagar gradually ramps up after the shutdown for upgrade of capacity.

Why the year-ago comparison base changed

• The release notes that the steel business undertaking of Bhushan Power and Steel Limited (BPSL), a subsidiary, was transferred on a slump-sale basis to JSW-JFE Steel Limited (a JV company) in March 2026, and production figures relating to the transferred undertaking have been reduced from the previous year's numbers for comparison.

Scale of operations (as described in the release)

• Combined crude steel capacity of 37.9 MTPA, including 4.5 MTPA through the JSW JFE Steel JV, with the next phase of growth taking combined capacity to 54.8 MTPA over the next four years.
• The Vijayanagar plant in Karnataka is India's largest single-location steel-producing facility with current capacity of 19.5 MTPA, being expanded to ~25 MTPA by FY30.
• JSW Steel describes itself as the flagship business of the US$ 25 billion JSW Group.

How to read this

• Production and capacity utilisation are operating data points; they reflect volumes produced during the period and the extent to which installed capacity was used.
• The growth percentages are comparisons over the preceding quarter and the same quarter a year earlier, and the year-ago base has been restated for the transferred BPSL undertaking.

Stated sustainability targets

• Reduce CO2 emissions by 42% from its steel-making operations by 2030.
• Achieve net neutral in carbon emission for all operations under its direct control by 2050.

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