India’s JSW Steel increased steel production by 6% y/y in October-December

Indian steelmaker JSW Steel increased its consolidated steel production by 6% year-on-year in the third quarter of fiscal year 2025/2026 (October-December 2025) to 7.48 million tons thanks to the expansion of the JVML-Vijayanagar project. This is stated in the company’s report.

Compared to the previous quarter, this figure fell by 5%, which is explained by the shutdown of blast furnace No. 3 in Vijayanagar since the end of September 2025 for capacity modernization.

Consolidated sales volume was the highest in the company’s history, amounting to 7.64 million tons (+14% year-on-year). As noted by JSW Steel, this was due to healthy domestic demand. Domestic sales in October-December amounted to 6.59 million tons (+10% year-on-year), while exports amounted to 0.84 million tons, up 53% year-on-year.

In the third quarter of the current fiscal year, the company reported consolidated net profit of 21.39 billion rupees (approximately $233 million).

JSW Steel also released updates on its current projects. In particular, the company’s board of directors approved the creation of a steel mill with a capacity of 5 million tons per year at the company’s new facility in Odisha, which is scheduled to be commissioned by fiscal year 2029/2030.

In addition, construction has already begun on two 8 million tonne per annum pellet plants in Jagatsinghpur (Odisha) and a 30 million tonne per annum slurry pipeline to transport iron ore from JSW Steel’s mines to these facilities.

As a reminder, Japan’s JFE Steel Corp. is investing 157.5 billion rupees ($1.7 billion) in a 50:50 joint venture with India’s JSW Steel. The agreement provides for the transfer of the steel plant of JSW’s subsidiary Bhushan Power & Steel in Odisha to the joint venture. The latter owns a mine and an integrated steel plant in eastern India with a production capacity of 4.5 million tons of steel per year. The plant mainly produces sheet metal, bars, and wire.