India crude steel output up 3.6% to 9 mln T in Mar

ptinews.com Production & Sales,  International 2018-04-17 13:50:00

India's crude steel output grew 3.6% to 9.07 million tonnes during March 2018, according to official data.


The country had produced 8.76 million tonnes crude steel during the same month a year ago.


SAIL, RINL, TSL, Essar Steel, JSWL & JSPL together produced 5.46 million tonnes and the rest came from other producers, Joint Plant Committee said in a report.


The data shows state-run SAIL's contribution to the country's overall output during March increased to 1.40 million tonnes from 1.27 million tonnes in the year-ago period.


RINL's output rose 23.9% to 0.472 million tonnes as against 0.381 million tonnes in March 2017.


Tata Steel Ltd (TSL) registered a marginal fall of 0.7% to 1.132 million tonnes as against 1.14 million tonnes in the year-ago month.


Essar Steel Ltd (ESL), Jindal Steel (JSWL) and Jindal Steel and Power (JSPL) registered a rise of 6.2% and together produced 2.45 million tonnes as against 2.31 million tonnes.


Empowered by Ministry of Steel, Joint Plant Committee (JPC) is the only institution which collects data on the Indian iron and steel industry.


According to World Steel Organisation (worldsteel), India outstripped Asian industrial giant Japan to become the second largest steel producer as its steel output grew 3.43% to 8.43 million tonnes in February against 8.29 million tonnes of the latter.


In May last, the Cabinet approved a new policy that aims to achieve steel-making capacity of 300 million tonnes by 2030 with an additional investment of Rs 10 lakh crore.


It also approved a policy for providing preference to domestically manufactured iron and steel products in procurement by the government and its agencies.


(Writing by Becky Du  Editing by Tammy Yang)
For any questions, please contact us by inqury@fwenergy.com or +86-351-7219322.

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