JSW Steel News — GMK Center https://gmk.center/en/tag/jsw-steel-en/ This is an informational-analytical, discussion platform Thu, 28 May 2026 12:41:08 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://gmk.center/wp-content/uploads/2018/11/android-chrome-256x256-36x36.png JSW Steel News — GMK Center https://gmk.center/en/tag/jsw-steel-en/ 32 32 <![CDATA[JSW Steel begins construction of a new steel plant in Odisha]]> https://gmk.center/en/news/jsw-steel-begins-construction-of-a-new-steel-plant-in-odisha/ Thu, 28 May 2026 12:41:08 +0000 https://gmk.center/?post_type=news&p=124225 India’s JSW Steel has begun construction on its 65,000-crore-rupee ($6.8 billion) steel plant in Paradip, Odisha, according to The Hindu. According to the company, the integrated steel plant in Paradip will be built in phases. Its planned annual capacity will be 13.2 million tons. The facility will be strategically located on the coast of Odisha, […]

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]]> <![CDATA[JSW Steel is accelerating its capacity expansion in India]]> https://gmk.center/en/news/jsw-steel-is-accelerating-its-capacity-expansion-in-india/ Tue, 19 May 2026 13:01:54 +0000 https://gmk.center/?post_type=news&p=123841 Indian steelmaker JSW Steel expects to require minimal external capital to support its plans to double its capacity in India. The company’s co-managing director, Jayant Acharya, made this statement in an interview with The Economic Times. According to him, this expansion is crucial for the company to maintain its share of the domestic steel market, […]

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]]> <![CDATA[JSW Steel is investing $2.5 billion in capacity expansion]]> https://gmk.center/en/news/jsw-steel-is-investing-2-5-billion-in-capacity-expansion/ Fri, 15 May 2026 08:55:01 +0000 https://gmk.center/?post_type=news&p=123708 JSW Steel Ltd., India’s largest steel producer, has announced ambitious expansion plans. In the next fiscal year (FY 2027), the company’s capital expenditures will range from 220 to 240 billion rupees (approximately $2.5 billion). This is nearly 50% more than the previous year’s investments, which totaled 155.85 billion rupees. This was reported by Bloomberg. JSW […]

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]]> <![CDATA[JSW Steel and POSCO have announced a joint venture to build a steel plant in India]]> https://gmk.center/en/news/jsw-steel-and-posco-have-announced-a-joint-venture-to-build-a-steel-plant-in-india/ Mon, 20 Apr 2026 10:02:59 +0000 https://gmk.center/?post_type=news&p=122730 The board of directors of India’s JSW Steel Limited has approved a joint venture with South Korea’s POSCO Group, according to Pragativadi. Under the agreement, the companies will build an integrated steel plant with an initial production capacity of 6 million metric tons per year in the state of Odisha, India. Saffron Resources Private Limited, […]

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]]> <![CDATA[JSW Steel and Japan’s JFE Steel are finalizing the establishment of a joint venture]]> https://gmk.center/en/news/jsw-steel-and-japan-s-jfe-steel-are-finalizing-the-establishment-of-a-joint-venture/ Tue, 31 Mar 2026 13:34:56 +0000 https://gmk.center/?post_type=news&p=122120 The Japanese steelmaker has already invested in the acquisition of a 25% stake. Indian steelmaker JSW Steel has completed the main stages of establishing a joint venture with Japan’s JFE Steel Corporation for the Bhushan Power and Steel Limited (BPSL) business. This was reported by Tube & Pipe India. JFE Steel has invested 78.75 billion […]

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]]> <![CDATA[JSW is asking the Indian government to intervene due to a gas shortage for the steel industry]]> https://gmk.center/en/news/jsw-is-asking-the-indian-government-to-intervene-due-to-a-gas-shortage-for-the-steel-industry/ Fri, 20 Mar 2026 10:03:03 +0000 https://gmk.center/?post_type=news&p=121660 JSW Steel Coated Products, an Indian steel company and a subsidiary of JSW Steel, has appealed to the government for assistance in securing supplies of liquefied natural gas (LNG) and propane amid shortages caused by the conflict involving Iran. According to Reuters, citing a March 10 letter from the company to the federal secretary for […]

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]]> <![CDATA[India’s JSW Steel increased steel production by 6% y/y in October-December]]> https://gmk.center/en/news/india-s-jsw-steel-increased-steel-production-by-6-y-y-in-october-december/ Mon, 26 Jan 2026 14:30:51 +0000 https://gmk.center/?post_type=news&p=119215 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 […]

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]]> <![CDATA[India’s JSW Steel increased steel production by 17% y/y in July-September]]> https://gmk.center/en/news/india-s-jsw-steel-increased-steel-production-by-17-y-y-in-july-september/ Mon, 20 Oct 2025 08:35:20 +0000 https://gmk.center/?post_type=news&p=114617 India’s JSW Steel increased its consolidated steel production to a record level of 7.9 million tons (+17% y/y) in the second quarter of fiscal year 2025/2026 (July-September). This is stated in the company’s quarterly report. This result was due to the Dolvi plant returning to optimal capacity after maintenance, as well as increased production at […]

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]]> <![CDATA[India’s Supreme Court approves JSW Steel’s acquisition of Bhushan Power and Steel]]> https://gmk.center/en/news/india-s-supreme-court-approves-jsw-steel-s-acquisition-of-bhushan-power-and-steel/ Fri, 26 Sep 2025 09:20:55 +0000 https://gmk.center/?post_type=news&p=113779 India’s Supreme Court has approved JSW Steel’s $2.3 billion acquisition of Bhushan Power and Steel (BPSL), overturning its previous decision to reject the deal, The Economic Times reports. The latest ruling recognizes JSW Steel’s significant investments in modernizing BPSL, preserving jobs, and ensuring the company’s continuity. In 2017, proceedings were initiated against BPSL under the […]

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]]> <![CDATA[JSW Steel seeks to increase its coke import quotas to cover shortages]]> https://gmk.center/en/news/jsw-steel-seeks-to-increase-its-coke-import-quotas-to-cover-shortages/ Sun, 10 Aug 2025 05:13:32 +0000 https://gmk.center/?post_type=news&p=112478 India’s largest steelmaker JSW Steel has called on the government to increase the company’s quotas for imports of low-ash metallurgical coke to overcome the shortage. Reuters reports, citing sources. At the end of July, according to insiders, JSW Steel executives met with officials from the Federal Ministry of Commerce. They urged government officials to increase […]

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]]> <![CDATA[JSW and JFE to invest $669 million in expanding electrical steel production in India]]> https://gmk.center/en/news/jsw-and-jfe-to-invest-669-million-in-expanding-electrical-steel-production-in-india/ Mon, 04 Aug 2025 12:01:12 +0000 https://gmk.center/?post_type=news&p=112215 India’s JSW Steel and Japan’s JFE Steel are investing 58.45 billion rupees (approximately $669 million) in expanding the production of cold-rolled electrical steel at two plants in India. This was reported by Reuters with reference to JSW’s stock exchange announcement. This type of steel is widely used in the energy sector, particularly in the manufacture […]

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]]> <![CDATA[JSW Steel has planned capital expenditures of $2.4 billion for FY2025/2026]]> https://gmk.center/en/news/jsw-steel-has-planned-capital-expenditures-of-2-4-billion-for-fy2025-2026/ Tue, 22 Jul 2025 11:22:47 +0000 https://gmk.center/?post_type=news&p=111686 Indian steelmaker JSW Steel will allocate 20 billion rupees ($2.4 billion) for capital expenditures in the 2025/2026 financial year. A significant portion of this will be directed toward the third phase of expansion of the plant in Dolvi (Maharashtra state), according to The Economic Times. The investments are aimed at increasing the plant’s production capacity […]

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]]> <![CDATA[JSW Steel to allocate $2 billion for decarbonization]]> https://gmk.center/en/news/jsw-steel-to-allocate-2-billion-for-decarbonization/ Sat, 14 Jun 2025 05:50:49 +0000 https://gmk.center/?post_type=news&p=110202 JSW Steel, one of India’s leading steel producers, has announced an investment of approximately $2 billion in a decarbonization program. The goal is to reduce CO2 emissions by 42% by 2030 compared to 2005 levels, according to btMAG. The key areas for achieving this goal are the use of renewable energy, increasing the share of […]

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]]> <![CDATA[India’s JSW Steel launches its own low-emission steel brand]]> https://gmk.center/en/news/indias-jsw-steel-launches-its-own-low-emission-steel-brand/ Mon, 26 May 2025 12:08:06 +0000 https://gmk.center/?post_type=news&p=109477 Indian steelmaker JSW Steel, the flagship company of the JSW Group, has launched its low-emission steel brand GreenEdge to help customers reduce Scope 3 emissions. This is stated in the company’s message. “As a responsible leader in the steel industry, JSW Steel is committed to being an innovator in environmentally friendly solutions. The launch of […]

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]]> <![CDATA[JSW Steel and JFE complete the acquisition of Thyssenkrupp’s electrical steel business in India]]> https://gmk.center/en/news/jsw-steel-and-jfe-complete-the-acquisition-of-thyssenkrupps-electrical-steel-business-in-india/ Wed, 05 Feb 2025 03:07:08 +0000 https://gmk.center/?post_type=news&p=104965 JFE Steel and JSW Steel have completed the acquisition of Thyssenkrupp Electrical Steel India through their joint venture JSW JFE Electrical Steel. This is reported by Kallanish. The purchase price is estimated at $457 million. The company, which was owned by Thyssenkrupp, will focus on the production of granular electrical steel (GOES). This will allow […]

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]]> <![CDATA[India’s JSW Steel increased steel production by 2% y/y in October-December]]> https://gmk.center/en/news/indias-jsw-steel-increased-steel-production-by-2-y-y-in-october-december/ Mon, 27 Jan 2025 08:34:07 +0000 https://gmk.center/?post_type=news&p=104643 India’s JSW Steel increased its consolidated steel production by 2% yoy to 7.03 million tons in the third quarter of fiscal year 2024/2025 (October-December 2024). This is stated in the company’s report. Steel production at Indian enterprises in the period under review reached 6.82 million tons (+3 y/y), and at the Ohio (USA) plant – […]

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]]> <![CDATA[JSW Steel increased steel production by 5% y/y in November]]> https://gmk.center/en/news/jsw-steel-increased-steel-production-by-5-y-y-in-november/ Thu, 12 Dec 2024 09:30:53 +0000 https://gmk.center/?post_type=news&p=103363 Indian steel company JSW Steel increased its consolidated steel production by 5% year-on-year to 2.32 million tons in November this year. This is reported by CNBCTV18. Steel production in India increased by 7% y/y – to 2.25 million tons in the period under review. Capacity utilization in the country was 94%. Production at JSW USA’s […]

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]]> <![CDATA[JSW Steel and POSCO plan to invest $7.7 billion in a steel plant in Odisha]]> https://gmk.center/en/news/jsw-steel-and-posco-plan-to-invest-7-7-billion-in-a-steel-plant-in-odisha/ Tue, 05 Nov 2024 14:31:38 +0000 https://gmk.center/?post_type=news&p=102086 India’s JSW Steel and South Korea’s POSCO intend to jointly invest 650 billion rupees (about $7.73 billion) in the construction of a steel plant in the eastern Indian state of Odisha. The plant, with an initial capacity of 5 million tons of steel per year, will be part of their strategy in the growing steel […]

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]]> <![CDATA[JSW Steel and POSCO to jointly build a steel plant in India]]> https://gmk.center/en/news/jsw-steel-and-posco-to-jointly-build-a-steel-plant-in-india/ Wed, 30 Oct 2024 04:26:43 +0000 https://gmk.center/?post_type=news&p=101894 Leading Indian steel company JSW Steel has signed a preliminary agreement with South Korean corporation POSCO to build an integrated steel plant in India with a capacity of 5 million tons of steel per year. This was reported by Reuters. The companies also plan to cooperate in the field of materials for electric vehicle batteries […]

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]]> <![CDATA[Thyssenkrupp sells its electrical steel business in India]]> https://gmk.center/en/news/thyssenkrupp-sells-its-electrical-steel-business-in-india/ Mon, 21 Oct 2024 08:54:08 +0000 https://gmk.center/?post_type=news&p=101584 German steelmaker Thyssenkrupp Steel has announced that it has sold its Indian subsidiary, Thyssenkrupp Electrical Steel India. The deal is worth approximately €400 million and is expected to close within the next few months. The buyer (Jsquare Electrical Steel Nashik) is a 50/50 joint venture between JSW Steel and Japan’s JFE Steel Corporation. As noted […]

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]]> <![CDATA[JSW Steel to acquire stake in Australia’s M Res NSW]]> https://gmk.center/en/news/jsw-steel-to-acquire-stake-in-australias-m-res-nsw/ Tue, 13 Aug 2024 13:03:17 +0000 https://gmk.center/?post_type=news&p=99678 Leading Indian steel producer JSW Steel has announced that it will acquire almost 67% of the shares of an Australian private company for $120 million in order to expand its coal reserves. This is reported by Mining Technology. It is about buying a stake in M ​​Res NSW, a subsidiary of coal company M Resources. […]

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]]> <![CDATA[JSW Steel plans to invest $1 billion in decarbonization of capacities]]> https://gmk.center/en/news/jsw-steel-plans-to-invest-1-billion-in-decarbonization-of-capacities/ Thu, 11 Jul 2024 11:13:02 +0000 https://gmk.center/?post_type=news&p=98629 Indian steel company JSW Steel plans to invest $1 billion in decarbonization of capacities. This will contribute to the company’s ambition to become carbon neutral by 2050 and reduce CO2 emissions by 42% (1.95 tonnes of CO2 per tonne of steel) by 2030. It is reported by Kallanish with reference to the quarterly report of […]

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]]> <![CDATA[JSW Steel invests $110 million to modernize its US plant]]> https://gmk.center/en/news/jsw-steel-invests-110-million-to-modernize-its-us-plant/ Tue, 25 Jun 2024 13:11:17 +0000 https://gmk.center/?post_type=news&p=98084 JSW Steel USA, a subsidiary of India’s JSW Steel, plans to invest $110 million to modernize its steel plant in Baytown, Texas, using sustainable technologies and state-of-the-art equipment. This is stated in the company’s press release. According to the report, this investment will produce high-quality steel plate for monopiles in support of the US administration’s […]

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]]> <![CDATA[JSW Steel launches high-performance hot strip mill in Karnataka]]> https://gmk.center/en/news/jsw-steel-launches-high-performance-hot-strip-mill-in-karnataka/ Tue, 02 Apr 2024 08:14:32 +0000 https://gmk.center/?post_type=news&p=95364 India’s JSW Vijayanagar Metallics (a subsidiary of JSW Steel) has commissioned a 5 million tonne per annum hot strip mill (HSM) at its integrated steel plant in Vijayanagar, Karnataka, The Hindu Business Line reports. The company started trial operation of the equipment on March 17 this year, and after the inspection, it launched commercial production […]

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]]> <![CDATA[JSW Steel to launch new blast furnace at Dolvi steel plant in 2026]]> https://gmk.center/en/news/jsw-steel-to-launch-new-blast-furnace-at-dolva-steel-plant-in-2016/ Wed, 13 Mar 2024 08:51:53 +0000 https://gmk.center/?post_type=news&p=94642 India’s JSW Steel is to launch a new blast furnace at its Dolvi steel plant in Maharashtra with a production capacity of 4.5 million tons per year in 2026. This was reported by S&P Global with reference to technology provider SMS Group. Construction of the blast furnace is expected to be completed in March 2026. […]

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]]> <![CDATA[JSW Steel announces construction of a steel plant in Paradip]]> https://gmk.center/en/news/jsw-steel-announces-construction-of-a-steel-plant-in-paradip/ Fri, 16 Feb 2024 15:03:54 +0000 https://gmk.center/?post_type=news&p=93762 Indian steelmaker JSW Steel has announced the start of construction of a new steel plant in Paradip, Odisha, India, with a capacity of 13.2 million tons of steel per year. It is reported by ArgusMedia. The steel complex will include its own power plant, berths with forklifts and a cement shop. Investments in the integrated […]

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]]> <![CDATA[JSW Steel and JFE Steel establish a joint venture in India]]> https://gmk.center/en/news/jsw-steel-and-jfe-steel-establish-a-joint-venture-in-india/ Thu, 15 Feb 2024 03:34:02 +0000 https://gmk.center/?post_type=news&p=93734 JSW Steel will set up a joint venture with Japan’s JFE Steel Corporation. The companies will invest 55 billion rupees (about $663 million) to set up a plant in Karnataka. This is stated in the company’s announcement on the stock exchange, writes Reuters. Production is likely to begin in the 2026/2027 fiscal year to further […]

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]]> <![CDATA[JSW Steel is considering green steel production]]> https://gmk.center/en/news/jsw-steel-is-considering-green-steel-production/ Fri, 27 Oct 2023 08:14:45 +0000 https://gmk.center/?post_type=news&p=89819 Indian JSW Steel intends to create a low-carbon steel production enterprise by 2030, informs Mint. In this way, the steel company aims to reduce carbon emissions and ensure the continuity of supplies to Europe after the introduction of CBAM. “We are planning to set up a low-carbon steel plant in western India, subject to board […]

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]]> <![CDATA[ArcelorMittal and JSW Steel are showing interest in acquiring Vedanta’s assets]]> https://gmk.center/en/news/arcelormittal-and-jsw-steel-are-showing-interest-in-acquiring-vedantas-assets/ Fri, 13 Oct 2023 14:32:31 +0000 https://gmk.center/?post_type=news&p=89301 JSW Steel, ArcelorMittal and several private equity funds are showing interest in Vedanta Group’s Indian iron ore mines and steel plant, informs Investing.com. Jayant Acharya, JSW Steel’s joint managing director, has expressed interest in Vedanta’s iron ore mines in Karnataka and Goa. On the other hand, Arcelor Mittal could gain a strategic advantage in eastern […]

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]]> <![CDATA[JSW Steel increased steel production by 13% y/y in July-September]]> https://gmk.center/en/news/jsw-steel-increased-steel-production-by-13-y-y-in-july-september/ Wed, 11 Oct 2023 02:51:02 +0000 https://gmk.center/?post_type=news&p=89126 In July-September 2023 (II quarter of the 2023/2024 financial year), the Indian steel company JSW Steel increased its consolidated steel production by 13% compared to the same period last year – up to 6.41 million tons. BS reports about it. Compared to the previous quarter, JSW Steel reduced its consolidated steel output by 3%. The […]

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]]> <![CDATA[Indian JSW Steel increased steel production by 10% y/y in July]]> https://gmk.center/en/news/indian-jsw-steel-increased-steel-production-by-10-y-y-in-july/ Fri, 11 Aug 2023 11:44:52 +0000 https://gmk.center/?post_type=news&p=86963 In July 2023, the Indian steel company JSW Steel increased steel production at enterprises in the country by 10% y/y – up to 1.97 million tons. Kallanish reports about it. Steel production at the company’s plant in Ohio (USA) in this period increased by 96% year-on-year – up to 0.67 million tons. In the next […]

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]]> <![CDATA[JSW Steel is considering acquiring foreign iron ore and coking coal assets]]> https://gmk.center/en/news/jsw-steel-is-considering-acquiring-foreign-iron-ore-and-coking-coal-assets/ Wed, 26 Jul 2023 14:19:34 +0000 https://gmk.center/?post_type=news&p=86386 India’s JSW Steel is considering acquiring foreign iron ore and coking coal assets, while prioritizing the expansion of its raw material base domestically. SteelOrbis informs about it. The company is considering acquiring assets in Canada and Australia to align its raw material supply chain with plans to expand Indian production capacity from 28 million to […]

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]]> <![CDATA[JSW Steel increased steel sales by 27% y/y in Q1 2023/2024]]> https://gmk.center/en/news/jsw-steel-increased-steel-sales-by-27-y-y-in-q1-2023-2024/ Mon, 24 Jul 2023 07:18:46 +0000 https://gmk.center/?post_type=news&p=86252 In the first quarter of 2023/2024 fiscal year (April-June 2023), the Indian steel company JSW Steel increased its consolidated sales of steel by 27.2% compared to the same period last year – up to 5.71 million tons. It is stated on the company’s website. Compared to the previous quarter, JSW Steel’s consolidated steel sales decreased […]

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]]> <![CDATA[JSW Steel is considering acquiring a stake in Teck’s coal division]]> https://gmk.center/en/news/jsw-steel-is-considering-acquiring-a-stake-in-tecks-coal-division/ Mon, 17 Jul 2023 08:01:38 +0000 https://gmk.center/?post_type=news&p=85999 Indian steelmaker JSW Steel is considering buying up to a 20% stake in Canadian steelmaking coal business Teck Resources. Bloomberg News informs about it with the reference to sources. JSW Steel is in talks with banks to potentially finance the acquisition, which could be around $2 billion. Talks are at an early stage, so the […]

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]]> <![CDATA[JSW Steel increased steel production by 10% y/y in April-June]]> https://gmk.center/en/news/jsw-steel-increased-steel-production-by-10-y-y-in-april-june/ Fri, 07 Jul 2023 10:13:50 +0000 https://gmk.center/?post_type=news&p=85635 In April-June 2023 (the first quarter of the 2023/2024 fiscal year), the Indian steel company JSW Steel increased steel production by 10% compared to the same period in 2022 – up to 6.19 million tons. Kallanish reports about it. Steel production at JSW Ispat Special Products (JISPL) during this period increased by 63.6% compared to […]

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]]> <![CDATA[JSW Steel increased steel production by 8% y/y in May]]> https://gmk.center/en/news/jsw-steel-increased-steel-production-by-8-y-y-in-may/ Wed, 14 Jun 2023 13:13:04 +0000 https://gmk.center/?post_type=news&p=84768 In May 2023, the Indian company JSW Steel increased its total steel production by 8% y/y – up to 2.23 million tons, SteelOrbis informs about it. In this period, the company’s Indian enterprises increased steel production by almost 6% compared to May 2022 – up to 2.09 million tons. JSW Ispat Special Products increased its […]

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]]> <![CDATA[Demand for steel in India increased by 13.3% y/y in the FY 2022/2023 – JSW Steel]]> https://gmk.center/en/news/demand-for-steel-in-india-increased-by-13-3-y-y-in-the-fy-2022-2023-jsw-steel/ Mon, 22 May 2023 08:11:55 +0000 https://gmk.center/?post_type=news&p=83796 Steel demand in India in 2022/2023 (ended March 31) increased by 13.3% y/y – up to 119.86 million tons. This is stated in the financial report of the JSW Steel company, reports Kallanish. During this period, the company increased its supply by 19% year-on-year – up to 19.67 million tons. Sales of rolled products, graded […]

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]]> <![CDATA[JSW Steel invests $145 million in the modernization of production in the USA]]> https://gmk.center/en/news/jsw-steel-invests-145-million-in-the-modernization-of-production-in-the-usa/ Wed, 03 May 2023 14:57:08 +0000 https://gmk.center/?post_type=news&p=83050 Indian company JSW Steel has announced that its American division, JSW Steel USA, plans to invest $145 million in modernizing production operations at its Mingo Junction plant in Ohio. The Economic Times informs about it. The projects are expected to be completed in the 2025/2026 financial year. “These investments and projects will help us produce […]

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]]> <![CDATA[JSW Steel increased steel output by 25% y/y in 2022-2023 financial year]]> https://gmk.center/en/news/jsw-steel-increased-steel-output-by-25-y-y-in-2022-2023-financial-year/ Tue, 11 Apr 2023 11:02:28 +0000 https://gmk.center/?post_type=news&p=82064 JSW Steel, the largest steel producer in India, has increased its crude steel production by 25% compared to 2021-2022 fiscal year – up to 23.62 million tons in the 2022-2023 financial year. ArgusMedia reports about it. Unrefined steel production by the Indian company in the fourth quarter of 2022-2023 fiscal year was 6.37 million tons, […]

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]]> <![CDATA[JSW Steel plans to invest $244 million in the development of a new coking coal unit]]> https://gmk.center/en/news/jsw-steel-plans-to-invest-244-million-in-the-development-of-a-new-coking-coal-unit/ Mon, 20 Mar 2023 13:47:29 +0000 https://gmk.center/?post_type=news&p=80927 JSW Steel, India’s largest steel producer, plans to invest approximately $244 million in the development and commissioning of a new coking coal deposit in the eastern Indian state of Jharkhand. SteelOrbis informs about it with the reference to a company representative. The company acquired a new field of coking coal recently at state auctions, offering […]

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]]> <![CDATA[JSW Steel will reduce capital investments by a quarter in the FY2022/2023]]> https://gmk.center/en/news/jsw-steel-will-reduce-capital-investments-by-a-quarter-in-the-fy2022-2023/ Fri, 04 Nov 2022 07:51:00 +0000 https://gmk.center/?post_type=news&p=73921 India’s JSW Steel will cut capital investment by 25% in the 2022/2023 financial year due to weak demand for steel in the global market. Fortune India writes about it. At the beginning of the calendar year, JSW Steel planned 20 thousand crore ($2.4 billion) of capital investment for the 2022/2023 financial year, but following the […]

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]]> <![CDATA[JSW Steel and Smartex will become partners in the decarbonization of steel production]]> https://gmk.center/en/news/jsw-steel-and-smartex-will-become-partners-in-the-decarbonization-of-steel-production/ Tue, 18 Oct 2022 10:13:07 +0000 https://gmk.center/?post_type=news&p=73087 India’s JSW Steel has signed a memorandum of understanding with US fintech company Smartex to explore low-carbon steel production. ArgusMedia informs about it. The companies will explore financing, green steel technology availability and market access to decarbonize India’s steel sector and reduce the risk to investment in the industry. During Climate Week 2022 in New […]

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]]> <![CDATA[JSW Steel invests $1.3 billion to reduce emissions at its plants in India]]> https://gmk.center/en/news/jsw-steel-invests-1-3-billion-to-reduce-emissions-at-its-plants-in-india/ Sat, 17 Sep 2022 07:29:50 +0000 https://gmk.center/?post_type=news&p=71340 JSW Steel, India’s largest steelmaker, plans to invest 100 billion Indian rupees ($1.26 billion) to reduce carbon emissions at its plants. The projects will be implemented jointly with the specialized German technology company SMS Group. Reuters reports about it. JSW Steel will be provided by SMS Group’s technology experts, design, engineering consultancy and commissioning to […]

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]]> <![CDATA[Steel export duty in India could be increased soon – JSW Steel]]> https://gmk.center/en/news/steel-export-duty-in-india-could-be-increased-soon-jsw-steel/ Sat, 30 Jul 2022 07:25:40 +0000 https://gmk.center/?post_type=news&p=68701 The export duty on steel, which was introduced by the Indian authorities in May, may be removed at this quarter. BusinessLine writes about it with the reference to Seshagiri Rao, Joint Managing Director of the Indian steel company JSW Steel. “Although the purpose of the export duty was to contain inflation, it caused enormous damage […]

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]]> <![CDATA[By 2030, JSW Steel plans to reduce carbon emissions by 42%]]> https://gmk.center/en/news/by-2030-jsw-steel-plans-to-reduce-carbon-emissions-by-42/ Fri, 01 Jul 2022 09:17:35 +0000 https://gmk.center/?post_type=news&p=67067 JSW Steel, India’s largest steelmaker, has announced its aim to cut carbon emissions by 42% by 2030 compared to a 2005 base year, with Rs 10,000 crore (about $1.26 billion) allocated to implement various measures, The Economic Times reported citing the statement of the company’s chairman Sajjan Jindal. It is noted that the company has […]

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