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Commodity Tips, Steel production surges to 69 mn tonnes, consumption rises 4% in April-Nov
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India's import of total finished steel at 5.534 million tonnes in April-November was up by 16.9%
India's production of finished steel from April to November rose by 5.1 percent to 69.604 million tonnes while consumption grew by 4.2 percent to 56.788 million tonnes during the period, a Steel Ministry report said.
"Production of finished steel at 69.604 million tonnes registered a growth of 5.1 percent during April-November 2017 over the same period last year. India's consumption of total finished steel saw a growth of 4.2 percent in April-November 2017 (to 56.788 million tonnes) over the same period last year, under the influence of rising production for sale and imports," the Ministry's Joint Parliamentary Committee (JPC) report said.
SAIL, Rashtriya Ispat Nigam Ltd, TSL, Essar, JSW Steel Ltd and Jindal Steel and Power Limited together produced 40.224 million tonnes of finished steel for sale during the first eight months of the current fiscal, which was a growth of nine percent over the same period last year.
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