Steel Mills

JSW Steel USA earnings fell in quarter ended Dec. 31
Written by Ethan Bernard
January 30, 2025
JSW Steel USA’s operations took earnings hits in the quarter ended Dec. 31. And Indian parent company JSW Steel believes potential tariff hikes by the Trump administration could hamper declining inflation in the US.
JSW Steel USA operates the Mingo Junction slab and hot-rolled sheet mill in Ohio and the Baytown plate and pipe and tube mill in Texas.
The Mingo Junction operations reported a wider loss in the company’s fiscal third quarter of 2025, while the Baytown operations swung to a loss from a year earlier.
JSW Steel USA Ohio
The Mingo Junction mill produced 231,872 metric tons (mt) of steel in fiscal Q3’25. That’s off 13% from a year earlier.
The company sold 128,394 mt of slab in the quarter, down 12% from 146,383 mt in the year-earlier period. Meanwhile, it sold 63,817 mt of HRC in the same comparison, up 13% from 56,355 mt.
At the same time, JSW Steel USA’s operating EBITDA loss widened to $15.6 million from a $ 6.4 million loss a year earlier. In the same time frame, revenue decreased 13% to $123.6 million.
The company said the loss was mainly due to lower sales. However, JSW said capacity utilization improved to 64% during the quarter following a maintenance shutdown in the prior quarter.
Baytown operations
Baytown produced 109,490 mt of plate in fiscal Q3’25, up 12% from a year earlier. In the same time frame, its pipe production rose 56% to 11,287 mt.
The plate and pipe mills reported capacity utilizations of 43% and 8%, respectively, during the quarter.
Plate sales rose 4% year over year to 90,796 mt in the quarter, while pipe sales more than doubled to 12,210 mt.
The company swung to an EBITDA loss of $2.3 million in the quarter vs. a profit of $18.7 million a year earlier. Revenue decreased by 9% to $120.4 million.
The company said EBITDA was down sequentially due to lower sales and slumping plate prices.
US outlook
Parent company JSW Steel said robust growth continues in the US, with labor markets cooling gradually.
“Supportive fiscal policy such as increased investments in domestic manufacturing and tax cuts could further accelerate near-term growth,” JSW said in a statement on Jan. 24.
“Potential tariff increases could disrupt the ongoing decline in inflation,” the company added.

Ethan Bernard
Read more from Ethan BernardLatest in Steel Mills

ArcelorMittal posts solid results as commissioning of Calvert EAF begins
AM/NS Calvert has begun commissioning its new electric-arc furnace, with plans to reach its full annual run rate of 1.65 million short tons a year from now.

Tampa Steel Conference: Tanners on rising capacities and storms brewing across steel
There's a lot of production waiting to come online

USS idles “B” battery at Clairton following explosion
U.S. Steel has idled its "B" Battery at its Clairton Coke Works near Pittsburgh following a “release of excess pressure” inside a section of the battery on Feb. 5.

ArcelorMittal to start building Calvert NGO electrical steel line this year
ArcelorMittal announced on Thursday that it will begin the construction of its new $1.2-billion electrical steel mill in Alabama later this year. The steelmaker said it is proceeding with plans to build the new greenfield mill near its existing AM/NS joint venture in Calvert, Ala. The ArcelorMittal Calvert plant will have an annealing pickling line, […]

AISI: US steel shipments rise in December
Domestic steel shipments increased month over month and year on year in December, according to the latest data from the American Iron and Steel Institute (AISI). US steel mills shipped 7,145,016 short tons (st) in December, up 0.9% from 7,082,921 st in December 2023 and 6.6% higher than 6,702,557 st in November 2024. For the full-year […]