Breaking News

You are here » Indian-Commodity  :  Commodities  :  Other Commodities  :  India's crude steel production jumps 2.46% in January - March period

30-Apr2018

India's crude steel production jumps 2.46% in January - March period

India has registered a 2.46% rise in crude steel production in the last quarter of 2017-18. As per data compiled by the Joint Plant Committee (JPC), the country has produced 26.363 million tonnes (MT) of crude steel in January - March 2017-18 compared to production of 25.729 MT during the January-March period of 2016-17.

The country's crude steel output stood at 8.778 MT in January 2018, as against 8.811 MT during the same month a year ago. In the following month, the production was at 8.506 MT, compared to 8.154 MT in February 2017. During last month, the output stood at 9.079 MT, higher from 8.764 MT in the same month previous fiscal.

India has set a production target of 300 MT by the year 2030. Last year, the Cabinet approved the National Steel Policy (NSP) that aims to achieve steelmaking capacity of 300 MT by 2030 with an additional investment of Rs 10 lakh crore.


Related News

View all news

Barley futures trade in green on firm demand

Barley futures traded higher on NCDEX, with the frantic buying by stockists and retailers on the back of firm demand from consuming industries. Moreover, pause in arrivals from growing regions also fuelled......

Nickel futures edge higher on pickup in demand

Nickel futures edged higher on MCX as participants built up fresh positions on the back of pickup in demand from alloy-makers and other consuming industries at the spot market. Besides, a firming trend......

SEBI to levy regulatory fee of Rs 1 lakh per exchange on agri-commodity derivatives turnover

In an effort to promote agricultural commodity derivative segment, the capital markets regulator, Securities and Exchange Board of India (SEBI) will levy a nominal regulatory fee of Rs 100,000 per exchange......

Top News

View all news

Tijaria Polypipes bags order worth Rs 35.30 crore

Tijaria Polypipes has received a single order of Rs 35.30 crore for supply of HDPE & PLB Ducts from Tata Projects. The same has to be executed within a period of 3 months. The company takes great......

RIL's telecom arm enters into 5 year partnership with Star India

Reliance Industries' (RIL) telecom arm -- Reliance Jio Infocomm (Jio) -- has entered into 5 year partnership with India's leading broadcaster, Star India to unleash a new era in sports entertainment. Jio......

Sun Pharma receives Australian TGA approval for ILUMYA

Sun Pharmaceutical Industries has received the Australian Therapeutic Goods Administration (TGA) approval for its specialty product, ILUMYA (tildrakizumab) for the treatment of adults with moderate-to-severe......