Per capita steel consumption in India a third of global figure
India may have catapulted to the second spot in global steel production but its consumption betrays the strides made in output. Figures released by World Steel Association (WSA) show India languishing at the bottom rungs of the consumption ladder with a per capita consumption of only 70.9 kilogram (kg), marking a notable chasm with the global figure of 224.5 […]
India’s crude steel output grows 5%
India’s crude steel output grew 5.2 per cent to 9.235 million tonnes (MT) during May 2019, according to official data. The country had produced 8.779 MT crude steel during same month in 2018, a steel ministry report said. During April-May 2019-20, the production stood at 18.020 MT, up 3.4 per cent from 17.432 MT in […]
Steel consumption likely to grow by 5-6 per cent this year
India’s steel consumption is expected to grow by 5%-6% this year, on the back of government’s expenditure towards infrastructure and construction. With NDA being voted back to power, the focus will continue to remain on infrastructure development, CARE Ratings said in its latest Outlook for the Steel Sector in FY20. However, finished steel production is […]