India’s crude steel output rose more than 4 percent to 8.91 million tons in February

1

India’s crude steel output rose more than 4 per cent year-on-year to 8.91m tonnes in February 2019, according to official data.

 India produced 8.54 million metric tons of crude steel in February 2018, according to a report by the Joint Plant Committee (JPC), part of the Indian steel ministry.

 India’s crude steel output was 8.914 million tons in February 2019, up 4.3 percent year-on-year from February 2018 and down 2.9 percent month-on-month from January 2019, the report said.

 In February 2019, the state-run Steel Authority of India and Rashtriya Ispat Nigam Ltd., together with private companies TaTa Steel, Essar Steel, JSW Steel and Jindal Steel and PowerLtd., produced 5.4 million metric tons of crude Steel, with the remaining 350 metric tons made by other producers.

 India produced 6.09 million tonnes of molten iron in February, up 12.1 per cent from 5.43 million tonnes in February 2018.

 The report said that in February 2019, the production of molten iron increased by 12.1 percent year-on-year and decreased by 4.4 percent month-on-month.

 In February, India’s pig iron production rose 16.9 per cent to 526,000 tonnes from 450,000 tonnes a year earlier.

 The report said pig iron production in February 2019 increased by 16.9 percent year on year and decreased by 1.9 percent month on month.

 The JFPC is the only body in India that collects data on the Indian steel industry.

 In line with the industry vision, India aims to achieve a crude steel capacity target of 300 million tons by fiscal year 2030-2031.


Post time: Mar-27-2019
WhatsApp Online Chat !