JSW Steel expects production and sales to strengthen from Q2 FY27 as the expanded Blast Furnace-3 at Vijayanagar ramps up, while reaffirming an aggressive capacity expansion pipeline spanning Dolvi, Odisha, Utkal and Kadapa. Despite the planned BF-3 shutdown, the company reported record first-quarter steel sales of 6.25 million tonnes, supported by resilient domestic demand and a 46% year-on-year increase in exports.

At 4:15 PM on June 8, 2026, a ladle explosion at the SMS-1 steelmaking shop of Visakhapatnam Steel Plant (VSP) — operated by Rashtriya Ispat Nigam Limited (RINL) — unleashed molten metal at over 1,500°C onto the working platform below Caster-2. According to a preliminary report by India's Chief Inspector of Factories, the cause was a sudden release of gas entrapped within the liquid steel, which ruptured the ladle seal before the sliding gate was opened, triggering a catastrophic spill.

India remained a net steel importer in January–October 2025, even as total imports fell to around 8 million mt, a 15% year-on-year decline The drop follows the government’s 12% safeguard duty, which raised the landed cost of imported steel above domestic prices—for example, domestic HRC remained INR 7,500–8,000/mt cheaper than Chinese shipments in early October. Import Trends • Imports from China plunged over 50% y-o-y. • Imports from South Korea fell 4%; Japan dropped 24%. • Imports from Vietnam and other origins increased. • Flat steel imports fell 27% to 5.45 million mt. • Long steel imports declined 10% to about 1.3 million mt. • China, Indonesia, and Vietnam. India exported 8.9 million mt of steel in the first 10 months of 2025, nearly flat year-on-year. • Exports to the EU fell 14% amid upcoming CBAM measures. • Shipments to the UAE surged. • Exports to the US rose as buyers front-loaded orders before new tariff rules.