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Informist, Thursday, May 14, 2026

 

--JSW Steel: Expect India ops crude steel output 28.75 mln tn in FY27 

--JSW Steel: Expect consol crude steel output 29.75 mln tn in FY27 

--JSW Steel: Expect India ops saleable steel sales 27.60 mln tn in FY27 

--JSW Steel: Expect consol saleable steel sales 28.60 mln tn in FY27

 

KOLKATA – Faced with global uncertainty, volatility in commodity prices and supply disruptions, JSW Steel Ltd. Thursday said its production and sales in the ongoing financial year are expected to fall. 

 

At a consolidated level, which includes its Indian and global operations, the steel major expects production to fall over 1% on year to 29.75 million tonnes and sales to decline around 3.5% on year to 28.60 million tonne. During the year ended March, JSW Steel had produced a total of 30.14 million tonnes of steel and sold 29.63 million tonnes. 

 

In India, production may decline around 2% on year to 28.75 million tonnes and sales may fall over 4% on year to 27.60 million tonnes. In the last financial year, the company reported 29.31 million tonnes of production and 28.76 million tonnes of sales in India. 

 

The global economy continues to operate amid elevated uncertainty, driven by geopolitical developments, particularly in West Asia, which have resulted in supply disruptions, higher inflationary pressures, especially in energy markets, and added pressure on interest rates, JSW Steel said in a statement. 

 

In the US, economic growth remains underpinned by tax incentives, robust private investment and resilient consumer spending. However, the space for further monetary easing is narrowing with inflationary risks, the company said. 

 

However, the steelmaker remains positive on the economic trends in China, the EU, and India. Even though the possibility of a below-normal monsoon presents a risk, healthy rural indicators, strong credit growth and improving capacity utilisation point to sustained momentum across the economy, JSW Steel said. 

 

In addition, broad-based traction across key sectors reinforces the outlook and provides confidence in the durability of growth, the company said. Nevertheless, prolonged supply chain disruption and consequent inflation due to the West Asian crisis could be a key risk to growth, JSW Steel said. 

 

JSW Steel is increasing production capacity from 31.9 million tonnes to 48.8 million tonnes by 2029-30 (Apr-Mar). Taking into account its 4.5 million tonne capacity joint venture with the Japanese JFE Steel Ltd., JSW Steel's capacity in India is stated to increase to 53.3 million tonnes by 2030. 

 

Once JSW Steel attains this targeted production capacity in India, it aims to augment it further to 78 million tonnes by FY32, including the installed capacity with joint ventures. 

 

India's crude steel production grew over 11% on year to 169.2 million tonnes in FY26, while steel consumption increased around 8% on year to 164 million tonnes. Steel demand was slightly subdued in the first nine months of FY26, but picked up in the March quarter.

 

On Thursday, shares of JSW Steel ended 1.7% higher at INR 1,296.90 on the National Stock Exchange.  End

 

Reported by Avishek Rakshit

Edited by Avishek Dutta

 

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