Breaking News

You are here » Indian-Commodity  :  Commodities  :  Other Commodities  :  Crude steel production of India increases 4.4% to 8.59 MT in April 2018

23-May2018

Crude steel production of India increases 4.4% to 8.59 MT in April 2018

The Joint Plant Committee (JPC), empowered by Ministry of Steel, in its latest report has said crude steel production of India increased 4.4% to 8.59 million tonne (MT) in April 2018, as against production of 8.22 MT in the same month of the previous year. Out of the total production, SAIL, Rashtriya Ispat Nigam (RINL), Tata Steel, Essar Steel, JSW Steel and Jindal Steel and Power together produced 5.01 MT during the month under review. It added that the rest 3.57 MT came from other producers, showing a growth of 1.4% over April 2017.

As per the report data, the output of hot metal was at 5.80 MT in April 2018, as compared to 5.38 MT during the year-ago month. Of the total hot metal output, 4.83 MT was produced by the six companies, the rest 0.96 MT came from other producers. Besides, output of pig iron rose 1.9% to 0.80 MT from 0.78 MT in April 2017.

According to 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. In this regard, the Cabinet last year approved the National Steel Policy (NSP). 



Related News

View all news

Barley futures trade marginally lower on sluggish demand

Barley futures traded moderately lower on NCDEX, due to liquidation  of bets by participants tracking sluggish demand from consuming industriesThe contract for December delivery was trading at......

Barley futures trade lower on NCDEX

Barley futures traded lower on NCDEX, as market players liquidated their portfolios at prevailing higher levels. However, some losses remained capped with the concerns on production at high temperature......

Barley futures trade moderately higher on supply crunch

Barley futures traded moderately higher on NCDEX, due to frantic buying by retailers and stockists as the ongoing supply crunch intensifies. As per reports, barley rates have climbed 15-20% in the last......

Top News

View all news

Wipro, Palred Technologies and Zydus Wellness to see some action today

Wipro has launched an Automotive Innovation Center in Detroit, Michigan. This state-of-the-art technology hub will deepen Wipro's relationship with Detroit's automotive community, develop and showcase......

Wipro launches Automotive Innovation Center in Detroit

Wipro has launched an Automotive Innovation Center in Detroit, Michigan. This state-of-the-art technology hub will deepen Wipro's relationship with Detroit's automotive community, develop and showcase......

Zydus Wellness gets CCI's approval for acquisition of Heinz

Zydus Wellness (ZWL) has received approval from the Competition Commission of India (CCI) for the company's acquisition of Heinz India jointly with Cadila Healthcare. The definitive agreement in relation......