JSW Steel July crude steel output 2.62M tons, +18% y/y

JSW Steel July crude steel output 2.62M tons, +18% y/y

JSW Steel, one of India's leading steelmakers, reported a significant increase in its July crude steel output, reaching 2.62 million tons. This marks a substantial 18% year-over-year (y/y) growth, highlighting the company's robust performance in the steel industry [1].

The rise in output is attributed to several strategic initiatives undertaken by JSW Steel. Notably, the company's joint venture with Japan's JFE Steel, JSW JFE Electrical Steel, is investing 58.45 billion rupees ($669 million) to expand production capacity of cold rolled grain-oriented electrical steel across two Indian plants. This investment aims to meet growing domestic demand for energy-efficient steel products, which are essential for reducing carbon emissions [2][3].

JSW Steel has also been facing operational challenges due to import quotas on low-ash metallurgical coke, a critical fuel for steelmaking. The company has requested the Indian government to increase its import quota for this material to overcome shortfalls and ensure smooth operations at its plants in Karnataka and Chhattisgarh. While the government has not yet responded to this request, the company has been advocating for an increase in its quota to mitigate operational difficulties [1].

Despite these challenges, JSW Steel's July output demonstrates the company's resilience and strategic planning. The surge in production aligns with the company's goal to expand its market share and meet the growing demand for steel products in India and globally. As the company continues to invest in its operations and navigate regulatory challenges, its future performance remains a key indicator for investors in the steel sector.

References:
[1] https://m.economictimes.com/industry/indl-goods/svs/steel/jsw-steel-seeks-bigger-share-of-met-coke-quotas-to-meet-shortfall-sources-say/articleshow/123162672.cms
[2] https://www.marketscreener.com/news/india-s-jsw-steel-japan-s-jfe-to-invest-669-million-to-boost-cold-rolled-grain-oriented-electrical-ce7c5edad88ff22c
[3] https://www.reuters.com/world/india/indias-jsw-steel-japans-jfe-invest-669-million-boost-electrical-steel-output-2025-08-04/