The Joint Plant Committee (JPC), empowered by Ministry of Steel, in its latest report has said crude steel production of India jumped 6.2 % to 26.08 million tonne (MT) (provisional) in the first quarter of the current financial year as compared to 24.5 MT crude steel production during April-June, 2017-18.
According to the data, State-run SAIL, Rashtriya Ispat Nigam (RINL), Tata Steel, Essar Steel, JSW Steel and Jindal Steel and Power (JSPL) together produced 15.6 MT during the three-month period, registering a growth of 12% over the year-ago period. The output of hot metal was at 17.88 MT as compared to 16.10 MT during the year-ago period, an increase of 11%. The output of pig iron rose 5% to 2.58 MT from 2.45 MT in April-June of 2017-18.
As per the World Steel Organisation (worldsteel), India outstripped Japan to become the second largest steel producer as its steel output grew 3.43% to 8.43 MT in February against 8.29 MT of the latter. Besides, India has set a target of producing 300 MT crude steel by 2030 with an investment of Rs 10 lakh crore.
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