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Indian Steel Industry performance in April - November 2017 - JPC

Steel News - Published on Fri, 15 Dec 2017

Image Source: bunkerist.com
As per the latest provisional data from JPC, Indian crude steel production during April-November 2017 was 66.7 million tonnes, a growth of 4.5% YoY and production for sale of total finished steel was 69.604 million tonne, up by 5.1% YoY, while consumption of total finished steel saw a growth of 4.2% to climb to 56.778 million tonne. Import of total finished steel increased by 16.9% YoY to 5.534 million tonne while export of total finished steel was up by 57.1% to 6.639 million tonnes.

Indian steel scene: April-November 2017 (Provisional)
Total Finished Steel (non-alloy+ alloy/ stainless)QuantityYoY %
Production for sale69.6045.1
Import5.53416.9
Export6.63957.1
Consumption56.7884.2
Crude Steel Production66.7004.5
 

Source: JPC

Crude Steel - During April-November 2017, crude steel production was 66.70 million tonnes, a growth of 4.5% YoY. SAIL, RINL, Tata Steel, Essar, JSW & JSPL together produced 38.242 million tonnes during April- November 2017 which was a growth of 6.5% YoY. The rest i.e. 28.458 mt came from the Other Producers, which was a growth of 2% YoY. Overall crude steel production in November 2017 (8.305 mt) was down by 3.8% MoM over October 2017 but was up by 3.6% YoY.

Hot Metal - During April-November 2017, hot metal production was 43.681 million tonnes, a growth of 1.5% YoY. SAIL, RINL, Tata Steel, Essar, JSW & JSPL together produced 35.939 million tonnes during April - November 2017 which was a growth of 3.1% YoY. The rest i.e. 7.742 million tonnes came from the Other Producers, which was a decline of 5.4% YoY. Overall hot metal production in November 2017 (5.545 million tonnes) was down by 3.6% MoM but was up by 3.8% YoY.

Total Finished Steel Production for sale - Production for sale of total finished steel at 69.604 million tonnes, registered a growth of 5.1% YoY. SAIL, RINL, Tata Steel, Essar, JSW & JSPL together produced 40.224 million tonnes during April - November 2017 which was a growth of 9.0% YoY. The rest came from the Other Producers, which was a decline of 6.2% YoY. Overall production for sale of total finished steel in November 2017 (8.342 million tonnes) was down by 9.7% MoM but was up by 6.4% YoY.

Exports - Export of total finished steel was up by 57.1% in April-November 2017 (6.639 million tonnes) over same period of last year. Overall exports in November 2017 (1.012 million tonnes) was up by 29.9% over October 2017 and was up by 53.6% over November 2016.

Imports - Import of total finished steel at 5.534 million tonnes in April-November 2017 was up by 16.9% YoY. Overall imports in November 2017 (0.614 million tonnes) was up by 1.7% over October 2017 and was up by 2.5% over November 2016. India was a net exporter of total finished steel in November 2017 as also during April-November 2017.

Consumption - India’s consumption of total finished steel saw a growth of 4.2% in April-November 2017 (56.788 million tonnes) over same period of last year, under the influence of rising production for sale and imports. Overall consumption in November 2017 (6.412 million tonnes) was down by 14.8% over October 2017 but was up by 1.9% over November 2016.

Stock Situation
MonthsMonth BeginMonth EndMonthly Variation in StockCumlative Variation in Stock
Apr-177,1657,718553553
May-177,7187,75436589
Jun-177,7547,83480669
Jul-177,8347,805-29640
Aug-177,8057,81611651
Sep-177,8167,481-335316
Oct-177,4817,635154470
Nov-177,6357,818183653
 

Source :

Posted By : Nanda Koijam on Fri, 15 Dec 2017
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