India’s steel output grows by 5 percent

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India's steel output grows by 5 percent

India’s crude steel output rose by about 5 per cent to 10.34 million tonne (MT) in November 2022. Reportedly top six steel makers like SAIL, Tata Steel, JSW Steel, JSPL, AMNS India and RINL produced 6.28 MT steel and the rest 4.06 MT came from the secondary sector.

Earlier the country had produced 9.88 MT of steel in 2021 as per the media sources. In November 2021, large producers jointly manufactured 6.09 MT steel, while the secondary industry produced 3.79 MT, it added.

The production of finished steel rose 3.41 per cent to 9.55 MT from 9.23 MT in November last year. The consumption of the alloy surged 13.42 per cent to 9.66 MT in November against 8.52 MT a year ago.

According to a media report, the imports of finished steel during the month almost doubled to 0.60 MT from 0.31 MT, while its exports fell 53 per cent to 0.34 MT against 0.72 MT in the year-ago period.