The World Steel Association (WSA) in its latest report stated that crude steel output of India rose to 61.8 million tonnes (MT) in the first seven month (January-July) of the calendar year 2018, as compared to crude steel production of 58.6 MT in the January-July period of 2017, registering a growth of 5.4 percent.
During the month of July 2018, the country’s crude steel production increased by 8.4 percent to 9 MT, over 8.3 MT in July 2017. Besides, world crude steel production for the 64 countries reporting to the World Steel Association was at 154.6 MT in July, registering an increase of 5.8 percent when compared to July 2017.
Meanwhile, the government had earlier said that India’s crude steel output is expected to soar by 38 percent to 140 MT by the end of this year. The country produced 101.4 MT steel in 2017. The steel ministry had earlier asked industry players to make full use of the resources available in the country to increase steel output. Under the National Steel Policy (NSP), the government has set a production target of 300 MT by 2030-31.