JSW Steel Reports 5% Rise in November Crude Steel Production

Tuesday, December 9, 2025: JSW Steel announced that its consolidated steel production for November 2025 reached 24.39 lakh tonnes, marking a 5% year-on-year increase. The company disclosed this in a regulatory filing on Tuesday. 

Production Boost Despite Furnace Shutdown

The company stated that the Indian operations produced 23.61 lakh tonnes, up from 22.53 lakh tonnes in November 2025. The Ohio-based subsidiary contributed around 0.78 tonnes. This was slightly over the previous year’s contribution of 0.70 tonnes. 

The company mentioned that the capacity utilization of Indian operations was at 84%, lower due

shutdown at Vijayanagar from end of September 2025 for upgradation of capacity from 3 to 4.5 MTPA. Capacity utilisation excluding BF3 capacity was at 93% for November 2025.

Company Outlook

The company highlighted its expansion plans that include the expansion of its consolidated capacity from the current 35.7 MTPA to 43.4 MTPA within the next three years. The upgrade of the Vijayanagar furnace is in line with the broader expansion plan of the company. 

Stock Price Movement

On Tuesday, the share price of JSW Steel closed at ₹1105.40 (1.22% lower than the previous closing). The stock opened at ₹1118 and largely moved sideways throughout the trading session before reaching an intraday high of ₹1120.60 and a low of ₹1099.30.

Despite the flat movement today, the share has surged by more than 10% in the past six months and around 48% in the 3-year period. The company has a P/E ratio of 45.06 compared with the industrial average of 29.47. 

Source: https://www.bseindia.com/stock-share-price/jsw-steel-ltd/jswsteel/500228/corp-announcements/

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