JSW Steel reported highest ever consolidated Crude Steel production for the third quarter of FY 2024-25 at 7.03 million tonnes. The Crude Steel production was higher by 4% QoQ and 2% YoY. JSW Steel recorded its highest ever quarterly Indian operation`s Crude Steel production at 6.82 million tonnes, which was higher by 3% QoQ & YoY. Capacity utilisation at Indian Operations excluding trial run stood at 91% for Q3 FY25. Production and capacity utilisation for the quarter was affected due to temporary maintenance activity at one of the Blast furnaces at Dolvi in the month of October, which resumed normal operations in the 1st week of November. The break-up of production (MT) is as below:  Particulars Q3 FY25Q2 FY25 Q3 FY24QoQ   YoY  Indian Operations6.82*  6.63  6.63  3%  3%    JSW Steel USA - Ohio  0.21  0.14 0.24        Consolidated Production   7.03 6.77 6.87  4%  2%     *Including Trial run production of 0.12 MT5 MTPA Integrated Steel Project at Vijayanagar, set up by wholly owned subsidiary of the Company, JSW Vijayanagar Metallics (JVML), is progressing well. Post commissioning of 4.5 MTPA Blast Furnace, Raw Material Handling System and Sinter Plant in Q2 FY25, JVML commissioned one out of the two Convertors and Castors at the Steel Melt Shop during Q3 FY25. The ramp up of production at the 5 MTPA JVML integrated facility is expected in Q4 FY 25. Once fully ramped up, the total crude steel capacity at Vijayanagar will increase to 17.5 MTPA, contributing to JSW Steel`s overall Indian operation`s crude steel capacity rising from 29.2 MTPA to 34.2 MTPA.The production volume (MT) for the 9M FY25 is as follows: Particulars9M FY25 9M FY24   Indian Operations19.58*  19.01    JSW Steel USA - Ohio0.58  0.62    Consolidated Production 20.16  19.63    JSW Ispat Special Products (Merged from 31/7/23)-  0.26    Total Combined Volumes 20.16  19.89      *Including Trial run production of 0.12 MT Powered by Capital Market - Live News

JSW Steel will hold a meeting of the Board of Directors of the Company on 24 January 2025.Powered by Capital Market - Live News

JSW Steel announced that the Company owned and operated coal mine in the State of West Virginia, USA, through its wholly owned step-down subsidiaries. During the previous year, the mines and preparation plant were sold due to non-viability of operations. Consequently, following step-down subsidiary companies of the Company, at West Virginia, USA, were no longer required and have been merged with their respective holding Companies effective December 18, 2024 (US time) as below: 1) Purest Energy, LLC with its Holding Company Periama Holdings LLC 2) Caretta Minerals, LLC with its Holding Company Planck Holdings, LLCPowered by Capital Market - Live News

JSW Steel reported consolidated Crude Steel production for the month of November`24 at 23.23 lakh tonnes. Indian Operation production was higher by 7% YoY while consolidated Crude Steel production grew by 5% YoY. Capacity utilisation for November 24 at Indian Operations was stood at 94%. The break-up of production is as below: (lakh tonnes)  ParticularsNov`24 Nov`23  YoY   Indian Operations 22.53  21.4  7%    JSW Steel USA - Ohio 0.70  0.90      Consolidated Production 23.23  22.04  5%  Powered by Capital Market - Live News

JSW Steel Italy SrL, a subsidiary of JSW Steel  today signed a Commercial Agreement with Metinvest Adria S.p.A. The Commercial Agreement is in line with the MoU dated 01 March 2024 signed between JSW Steel Italy SrL and The Ministry of Industries and Made in Italy(MIMIT) wherein the mechanism for the transfer of rights relating to the northern area of the property was defined. As per the Agreement, Metinvest is obliged to pay a release fee of Euro 30 Mn. to JSW Steel Italy Piombino SpA. as all inclusive consideration for the transaction. The performance and transfer of rights to Metinvest are subject to Metinvest complying with certain procedures with the Government and Institutions within a specific timeframe. Above commercial agreement is furtherance of the MoU and will lead towards realisation and execution of the Accordo Di Programma(AdP or The Program Agreement). As per the MoU, JSW and MIMIT have identified various areas of cooperation between JSW and the Government Institutions for the implementation of the Rail Mill Modernisation Project which includes Revamping of the Rolling Mills, Setting up Hardening Facility and Increasing the length of the Rails being produced to upto 120 meters. The cooperations with MIMIT and Government Institutions are aimed at revival of Industrial Site of Piombino as Steel Hub.Powered by Capital Market - Live News