The production enthusiasm seen in Q4FY’25 softened evidently, with JSW, Tata Steel, and JSP recording lower volumes q-o-q. JSW Steel (standalone) was as the leading producer in Q1FY’26, with 5.70 million tonnes (mnt). The 6% decline q-o-q was due to planned maintenance shutdowns, which led to lower capacity utilisation at 87% this quarter against 93% in the previous one.
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