Steel production rises 4.5%, consumption up 8.4% during April-Dec in FY19
Gross production of total finished steel was at 97.358 mt, and grew by 4.5 per cent during April-December 2018 over the same period of last year," the ministry's Joint Plant Committee's (JPC) report said.
India's finished steel production during April to December period of the current financial year (FY19) rose by 4.5 per cent to 97.358 million tonnes (mt) while the country's consumption grew by 8.4 per cent to 71.862 mt in the same period, a Steel Ministry's report said.However, India's finished steel export during the first nine months of 2018-19, was down by 38.5 per cent to 4.675 mt over the same period of 2017-18 and imports during the period under review stood at 5.908 mt, down by 3.1 per cent over corresponding months of previous fiscal.
India was a net importer of total finished steel in April-December 2018.
"Gross production of total finished steel was at 97.358 mt, and grew by 4.5 per cent during April-December 2018 over the same period of last year," the ministry's Joint Plant Committee's (JPC) report said.
It also said, "India's consumption of total finished steel saw a growth of 8.4 per cent in April-December 2018 (71.862 mt) over same period of last year, under the influence of a rising indigenous supply side.
Watch This Zee Business Video
Steel Authority of India (SAIL), Rashtriya Ispat Nigam Ltd (RINL), Tata Steel Ltd (TSL), Essar, JSW Ltd and Jindal Steel and Power Ltd (JSPL) together produced 54.154 mt during April-December 2018 which was a growth of 6.2 per cent over same period of last year.
The rest, 43.204 mt, came from the other producers, clocking a growth of 2.4 per cent over the same period of previous year.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Retirement Planning: SIP+SWP combination; Rs 15,000 monthly SIP for 25 years and then Rs 1,52,000 monthly income for 30 years
Top Gold ETF vs Top Large Cap Mutual Fund 10-year Return Calculator: Which has given higher return on Rs 11 lakh investment; see calculations
Retirement Calculator: 40 years of age, Rs 50,000 monthly expenses; what should be retirement corpus and monthly investment
SBI 444-day FD vs Union Bank of India 333-day FD: Know maturity amount on Rs 4 lakh and Rs 8 lakh investments for general and senior citizens
EPF vs SIP vs PPF Calculator: Rs 12,000 monthly investment for 30 years; which can create highest retirement corpus
Home loan EMI vs Mutual Fund SIP Calculator: Rs 70 lakh home loan EMI for 20 years or SIP equal to EMI for 10 years; which can be easier route to buy home; know maths
05:14 PM IST