JSW Steel Ltd gained 3.02% today to trade at Rs 975.8. The BSE Metal index is up 1.51% to quote at 31876.95. The index is down 0.32 % over last one month. Among the other constituents of the index, NMDC Ltd increased 2.07% and Jindal Steel & Power Ltd added 1.82% on the day. The BSE Metal index went up 39.74 % over last one year compared to the 26.14% surge in benchmark SENSEX. JSW Steel Ltd has added 5.43% over last one month compared to 0.32% fall in BSE Metal index and 3.26% rise in the SENSEX. On the BSE, 19636 shares were traded in the counter so far compared with average daily volumes of 66406 shares in the past one month. The stock hit a record high of Rs 984.4 on 20 Sep 2024. The stock hit a 52-week low of Rs 723.15 on 01 Nov 2023.Powered by Capital Market - Live

The U.S. Department of Energy (DOE) has recognized JSW Steel USA for achieving its energy savings goal as a partner in the Better Plants Challenge. JSW Steel USA has achieved energy savings of 25% through greater efficiency efforts across its portfolio. JSW Steel USA is one of the market leaders partnering with DOE to set portfolio-wide energy savings goals and share their efficiency strategies with others. JSW Steel USA is profiled on DOE's Better Buildings, Better Plants Solution Center. To date, Better Buildings partners have saved nearly $22 billion in energy costs, resulting in more than 220 million metric tons of avoided greenhouse gas emissions. JSW Steel USA is focused on investing in a sustainable and green future as an opportunity to save energy and improve efficiency across its portfolio. JSW USA's $145 million investment in its Mingo Junction facility will enable the company to produce monopile-grade steel slabs that will support monopile pole towers for usage in the offshore wind energy market. This investment will also significantly reduce JSW USA's Baytown facility's reliance on imported steel slabs, which results in higher carbon emissions. JSW USA uses one of the most energy-efficient and lowest carbon-emitting methods of steelmaking in the industry. 'We are passionate about collaborating with each other to build a viable future for our world. The steel market is a competitive landscape, these investments will play a pivotal role in future market demand, addressing deficiencies in the supply chain. JSW USA will be one of only two US suppliers of monopile plate for clean offshore wind power generation. Our investment will enable us to forge relationships with manufacturers and other businesses that rely on these materials,' said JSW Steel USA CEO, Rob Simon. Commenting on the new investments, Parth Jindal, Director of JSW Steel USA said, 'The new investments at our Baytown, Texas facility reinforce JSW USA's commitment to a sustainable and green future. The new upgrades at our Plate Mill support the long term ESG initiative of JSW USA and support decarbonization of the Energy Spectrum in the United States of America. The new investments will enable us to progressively deliver high quality steel products while further defining our niche markets through a Made in America specialty steel portfolio. These investments have the potential to significantly reduce U.S. import reliance in the infrastructure and renewable energy sectors.'Powered by Capital Market - Live

The company's India division has recorded steel production volume of 22.49 lakh tonnes in August 2024, up 2% as compared with 22.15 in August 2023. Further the capacity utilization at the company's Indian operations for the period uder review stood at 91%. Ohio-based JSW Steel USA has reported steel production volume of 0.67 lakh tonnes for August 2024 as against 0.71 lakh tonnes for August 2023. JSW Steel, the flagship business of the diversified JSW Group, is India's leading integrated steel company. The company had reported 64.29% decline in consolidated net profit to Rs 867 crore in Q1 FY25 as compared with Rs 2,428 crore posted in same quarter last year. Revenue from operations rose 1.73% year on year (YoY) to Rs 42,943 crore in the quarter ended June 2024. The counter rose 0.56% to Rs 932 on the BSE.Powered by Capital Market - Live

JSW Steel reported consolidated Crude Steel production for the month of August'24 at 23.16 Lakh tonnes. The Company commissioned all major facilities to expand its capacity from 3.5 MTPA to 4.5 MTPA at BPSL. Production ramp-up is expected gradually by Q3 FY25. Monthly Crude Steel production was higher by 2% YoY in the Indian Operations with a capacity utilisation of 91%. US operations remained flattish. Consolidated crude steel production grew by 1% YoY. The break-up of production is as below: (Lakh Tonnes)  Particulars Aug24   Aug23 YoY    Indian Operations 22.49  22.15  2%    JSW Steel USA - Ohio 0.67  0.71      Consolidated Production 23.16  22.86  1%  Powered by Capital Market - Live

JSW Steel announced that its wholly owned subsidiary, JSW Steel (Netherlands) B.V has completed the acquisition of 66.67% economic interest in M Res NSW by way of acquisition of its non-voting Class B shares. M Res NSW owns a 30% interest in Golden M NSW (Golden M), the proposed ultimate owner of Illawarra Coal Holdings(Illawarra Metallurgical Coal). The transaction for sale of Illawarra Metallurgical Coal by South32 to Golden M is expected to close in September 2024. Powered by Capital Market - Live

Crude steel production in July 2023 was 20.39 lakh tonnes. The company's India division has recorded steel production volume of 21.40 lakh tonnes in July 2024, up 13% YoY. Further, the capacity utilisation level at the company's Indian operations for the period under review stood at 91%. Ohio-based JSW Steel USA has reported steel production volume of 0.75 lakh tonnes for July 2024 as against 0.67 lakh tonnes for July 2023. JSW Steel, the flagship business of the diversified JSW Group, is India's leading integrated steel company. The company had reported 64.29% decline in consolidated net profit to Rs 867 crore in Q1 FY25 as compared with Rs 2,428 crore posted in same quarter last year. Revenue from operations rose 1.73% year on year (YoY) to Rs 42,943 crore in the quarter ended June 2024. The scrip rose 0.91% to currently trade at Rs 894.45 on the BSE. Powered by Capital Market - Live

JSW Steel reported consolidated Crude Steel production for the month of July'24 at 22.15 lakh tonnes. The total Crude Steel production was higher by 9% YoY. Capacity utilisation at Indian Operations stood at 91% for July'24. The break-up of production is as below: (lakh tonnes)  Particulars  July 24  July 23 YoY    Indian Operations 21.40  18.99  13%    JSW Steel USA - Ohio 0.75  0.67      Consolidated Production 22.15  19.66      JSW Ispat Special Products (Merged from 31 July 2023) -  0.73      Total Combined Volumes 22.15   20.39 9%  Powered by Capital Market - Live