[SMM Steel] On March 30, 2026, JSW Steel announced that Japan's JFE Steel Corporation completed a ₹7,875 crore investment as the first tranche for a 25% stake in JSW Kalinga Steel. Following the share allotment and board restructuring, both companies now exercise joint control over JSW Kalinga and its subsidiary, JSW Sambalpur Steel. Under the joint venture agreement, JFE is set to acquire an additional 25% stake for another ₹7,875 crore to reach a total 50% holding.

Leading Indian steel manufacturer JSW Steel is set to commission a state-of-the-art blast furnace at its Dolvi Works facility in Maharashtra by the end of March 2026. Partnering with SMS group and Paul Wurth, the new furnace is designed to produce 4.5 million tonnes of hot metal per year and incorporates advanced technologies for carbon footprint reduction, including hot syngas and coke oven gas injection. This expansion is part of JSW's strategic roadmap to increase its total domestic steel production capacity from 34.2 MTPA toward a goal of 50 MTPA by 2030.

JSW Steel reported a 2% year-on-year decline in consolidated crude steel production for February 2026, totaling 2.366 million tonnes. The decrease is primarily attributed to the ongoing temporary shutdown of Blast Furnace 3 at its Vijayanagar facility, which has been offline for capacity modernization since late 2025. Despite the impact of the maintenance work, the company's Indian operations achieved a high capacity utilization rate of 97% when excluding the affected furnace, demonstrating strong underlying operational performance.

Indian steelmakers, led by JSW Steel, are increasingly sourcing high-grade Pilbara ores from Australia as China imposes selective import restrictions on certain BHP Group products. Industry reports indicate that Indian mills are leveraging these supply diversions to secure premium ores at competitive spot-market rates, stabilizing feedstock availability for their expanding integrated plants. This trend supports India's aggressive capacity growth targets while allowing Australian exporters to diversify their demand base away from a single dominant market.

[SMM Steel] JSW Steel Coated Products has requested federal intervention to secure LNG and propane supplies amid shortages caused by the Iran war. In a letter to the steel secretary, the company warned that any production disruption would cause a supply deficit for its downstream customers.

JSW Steel’s consolidated crude steel production for February 2026 fell by 2% year-on-year to 2.366 million tonnes. The decline is primarily attributed to the ongoing shutdown of Blast Furnace 3 (BF3) at its Vijayanagar facility for capacity upgradation. However, excluding the affected furnace, the company’s Indian operations achieved a high capacity utilization rate of 97%, indicating strong underlying performance despite the planned maintenance.