JSW Steel Reports Record 7.03 Million Tonnes Of Crude Steel Production In Q3
JSW Steel's capacity utilisation at Indian operations, excluding trial production, stood at 91% for third quarter.
JSW Steel Ltd. has reported its highest-ever consolidated crude steel production for the third quarter of financial year 2025, reaching 7.03 million tonnes. This marks a 4% increase compared to the previous quarter and a 2% rise year-on-year.
The company's Indian operations saw a production of 6.82 million tonnes of crude steel, also a record for the quarter. This was a 3% increase from both the previous quarter and the same period last year. The capacity utilisation at Indian operations, excluding trial production, stood at 91% for third quarter.
While the overall performance was strong, production was temporarily impacted due to scheduled maintenance at one of the blast furnaces at Dolvi, Maharashtra, in October. However, normal operations resumed in early November.
JSW Steel is the flagship business of the $24-billion JSW Group. The company was founded in 1982 and is one of the leading manufacturers and exporters of coated steel in addition to being a manufacturer and distributor of iron products.
JSW Steel Share Price Today
The scrip fell as much as 1.20% to Rs 880.25 apiece. It later recovered losses to trade 0.29% higher at Rs 893.50 apiece, as of 11:02 a.m. This compares to a 0.10% decline in the NSE Nifty 50.
It has risen 7.68% in the last 12 months. Total traded volume so far in the day stood at 0.20 times its 30-day average. The relative strength index was at 35.4.
Out of 32 analysts tracking the company, 18 maintain a 'buy' rating, six recommend a 'hold' and eight suggest 'sell', according to Bloomberg data. The average 12-month consensus price target implies an upside of 10.1%.
