Gadchiroli pitched as Maharashtra’s future green steel hub India set to drive next global steel demand wave Italy crude steel output rises 3.1% in May Green steel progress remains slow worldwide
JSW Steel reported consolidated crude steel production of 23.66 lakh tonnes in February 2026, reflecting a slight year-on-year decline as capacity upgrades at its Vijayanagar plant continued to weigh on output.
The main drag came from the ongoing shutdown of Blast Furnace 3 (BF3) at Vijayanagar, which has been under upgrade since September 2025. This impacted production at the Indian operations level and resulted in a 1% YoY decline for February.Even so, the underlying trend remained stronger than the headline number suggests. Excluding BF3’s contribution from last year’s base, JSW Steel said volumes grew by around 8% YoY, supported by the full ramp-up of JVML operations.
For the market, the update shows that near-term production pressure is largely project-led rather than demand-led. Investors and steel buyers will now watch how quickly the Vijayanagar upgrade is completed and how much additional output the company can unlock once the expanded capacity comes back online.
Also Read : Beekay Steel Industries Faces Pressure Despite Attractive Valuation Fitch Ratings revises Tata Steel's outlook to negative
Fabex Steel Structures has commissioned its second manufacturing unit at Chityal near Hyderabad with...
Construction 05-Nov-2025
The UAE-India Business Council (UIBC) and Nangia Andersen LLP launched a new report headed "Modern E...
Business 15-Mar-2024
Private steel major Tata Steel on Wednesday said it will jointly work with South Eastern Railway (SE...
Large Corporate 07-Feb-2024
MOIL lowers all grades of manganese ore prices for June.Price&nbs...
Business 03-Jun-2025
Cleveland-Cliffs and South Korea’s POSCO have signed a strategic memorandum of understanding t...
US 31-Oct-2025
Tata Steel Shares Decline After Q1 Output Slips to 5.26 MT Tata Steel shares fell 1.67% to...
Business 09-Jul-2025