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Indian Steel Consumption in Apr-Nov up by 3.5% ONLY

Steel News - Published on Wed, 11 Dec 2019

Image Source: Steel Consumption India
Provisional data of Joint Plant Committee showed that India's crude steel production for November fell by 2.9% YoY to 8.92 million tonnes, also down by 1.8% MoM. With the latest figures, India's crude steel output from April to November hit 73.17 million tonne, up 0.9% from the corresponding eight months of 2018. Finished steel production in November fell to 7.80 million tonnes, 7% lower than in November 2018 and 5.4% down from October 2019. As for finished steel production over April-November, it came to 67.53 million tonnes, up 1.9% from the year before.

November's steel exports remained high at 867,000 tonnes, up 79.9% from the corresponding month in 2018, but down 8.8% from the prior month. April-November exports amounted to 5.75 million tonne, up 33.5% on the year. Steel imports dropped by 37% to 429,000 tonne in November to take AprilNovember total to 5.08 million tonnes, down 5.3% from the previous year.

India's steel consumption inched up by 0.8% from a year earlier to 7.41 million tonne in November. April-November steel demand increased by 3.5% to 66.46 million tonnes

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Posted By : Arun Huidrom on Wed, 11 Dec 2019
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