India’s crude steel output rises 5%  to 8 MT in April

Source: The Hitavada      Date: 06 May 2017 13:16:24


NEW DELHI,

May 5,

(PTI)

INDIA’S crude steel production increased 5.4 per cent to 8.107 million tonnes (MT) in April, from 7.69 MT during the same month last year, according to an official data released on Friday. However, the production in last month fell 2.7 per cent compared to March 2017 (8.274), the data showed.

“SAIL, RINL, TSL, Essar, JSWL & JSPL together produced 4.579 MT during April 2017, a growth of 10 per cent compared to same period of last year. “The rest 3.528 MT came from the other producers, which was a decline of 0.1 per cent over April 2016,” the Joint Plant Committee (JPC) report said.

The country has registered a whopping 142 per cent growth in exports during last month, according to JPC report for April. Export of total finished steel was up 142 per cent in April 2017 (0.747 MT) over April 2016. However, it fell 54 per cent as compared to 1.621 MT in March 2017.

On the other hand, the imports declined 23 per cent to 0.504 MT over April 2016, it said. India’s consumption of finished steel during April saw a growth of 3.4 per cent at 6.051 MT over April 2016. However, it fell 22 per cent compared to March this year.