(FE)
JSW Steel on Monday released its monthly business update wherein it recorded consolidated steel production for the month of May 2025 at 22.73 lakh tonnes. This was 8 per cent higher as compared with production volume of 20.98 lakh tonnes reported in May 2024.
Indian operations, JSW Steel said in a regulatory filing, produced 21.94 lakh tonnes of steel in May 2025, reporting a growth of 9 per cent YoY. The steel production of JSW Steel USA Ohio, however, declined by 7 per cent YoY to 0.79 lakh tonnes during the period under review.
Capacity utilisation for May 2025 at Indian Operations was at 80 per cent primarily due to planned maintenance shutdown of one of the blast furnace at Dolvi. The blast furnace was restarted on 30 May 2025.
For FY26 (till May 2025), the cumulative steel production stood at 47.56 lakh tonnes, up 13 per cent YoY.
Shares of JSW Steel were up 0.29 per cent today at 3:00 pm to a trading price of Rs 1,007.45.
Earlier in May, JSW Steel reported a net profit of Rs 1,503 crore for the fourth quarter of FY25, posting a growth of 16 per cent on-year in comparison to Rs 1,299 crore net profit reported a year ago amid falling cost and improving margins. It posted revenue from operations at Rs 44,819 crore during the March quarter, down around 3 per cent YoY.
Operating earnings before interest, taxes, depreciation, and amortization (EBITDA) for the reporting quarter on a consolidated basis were Rs 6,378 crore. JSW Steel is the flagship business of the diversified, $ 24 billion JSW Group.
