Crude steel output up 4.5% in April-May

Crude steel output up 4.5% in April-May
India produced 16.391 million tonne (MT) of crude steel in the first two months of the current fiscal, up 4.5% year-on-year. It had produced 15.683 MT in the same period of last fiscal.

Output in May was 8.163 MT, up 2.2 per cent, from 7.989 MT a year ago, as per the latest Joint Plant Committee (JPC) report.

However, on month-on-month basis, it was down 0.8 per cent over April, when the country had produced 8.228 MT. “SAIL, RINL, TSL, Essar, JSWL and JSPL together produced 9.292 MT during April-May 2017, which was a growth of 8% over same period of last year,” it said, adding “the rest 7.099 MT came from the other producers”.

Production for sale of total finished steel during the two-month stood rose 6.7% to 17.546 MT from 16.248 MT in same period of last year.

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