JSW Steel reported its highest-ever quarterly consolidated crude steel production at 6.58 million tonnes for Q4 FY23, registering a growth of 13% YoY and 7% QoQ. This was driven by improved capacity utilization at the Indian operations (capacity utilization of 96% in Q4 FY23 versus 91% in Q3 FY23).

Consolidated Crude Steel production for FY23 was the highest ever at 24.15 Mnt, up 24% YoY.

Q4 FY23 Crude Steel Production (Million MT)

FY23 Crude Steel Production (Million MT)

The Company achieved combined production of 24.57 million tonnes against its guidance of 25 Million tonnes, which is a 98% achievement. While the Company achieved 100% of its Guidance for Consolidated Indian Operations, production volumes at JISPL and JSW Steel USA – Ohio were impacted due to shutdowns and subdued market conditions for part of the year.

FY23 Crude Steel Production – Guidance v/s Actuals: (Million MT)