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Domestic crude steel production increases by 4.6% in July

16 Aug 2017 Evaluate

Domestic crude steel production witnessed a 4.6 per cent increase at 8.45 million tonnes (MT) in July, as against the total output of 8.082 MT of crude steel in the same month a year ago. The overall production for sale of total finished steel was at 8.256 MT, down 5 per cent over June 2017 but was up by 9 per cent over July 2016, while production of total finished steel for sale was at 34.43 MT during April-June 2017, a growth of 6.9 per cent over same period of last year.

As per the latest report of the Joint Plant Committee (JPC), under the Ministry of Steel, during April-July 2017, the first four months of the fiscal crude steel production was 33.011 MT, against 31.80 MT steel production during the first four months of the preceding fiscal, showing a growth of 3.8 per cent over the same period of the last year.

The JPC which is the only institution in the country, collecting data on the Indian iron and steel industry, also said that overall hot metal production last month stood at 5.526 MT, up 3.5 per cent over July 2016 and 6.1 per cent over June 2017. Further, during the four-month period April-July, the country’s pig iron production for sale was at 3.043 MT, showing a fall of 3.2 per cent over the same period last year, while overall production for sale of pig iron last month at 0.758 MT was up of 0.5 per cent over June 2017 but was down 4.2 per cent over July 2016.

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