SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Crude steel production rises 5.5% to 8.65 MT in October 2017

08 Nov 2017 Evaluate

The production of crude steel rose by 5.5% and stood at 8.65 million tonnes (MT) in October 2017 compared to 8.19 MT in the same month last year. As per report compiled by the Joint Plant Committee (JPC) under the Ministry of Steel, during April-October 2017, the crude steel production was 58.416 MT, a growth of 4.7% over the same period of the last year. The country had produced 55.805 MT crude steel during the first seven months of the preceding fiscal.

In October, the overall production of total finished steel was at 9.354 MT, up by 6.9% over October 2016. The production of total finished steel for sale was at 61.375 MT during April-October 2017, a growth of 5.1% over same period of last year.

In April-October, hot metal output stood at 38.129 MT, registering a growth of 1.1% over the same period last year. The overall hot metal production in October 2017 stood at 5.744 MT was up by 3% over September 2017 but was up by 2.3% over October 2016.

However, during the seven-month period, the country’s pig iron production for sale was at 5.353 MT, a decline of 2.9% over the same period last year. The overall production for sale of pig iron last month at 0.777 MT was down by 0.8% over September 2017 and 3.1% lower when compared to October 2016.


About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×