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Indian steel consumption in Jan-Oct grows by 2.8% YoY-The 18th China(Guangzhou)Int’l Metal &Metallurgy Exhibition
11/9/2016 steel expo-metal &metallurgy expo |
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Joint Plant Committee in its Secretary''s DO report for October 2016 reported that India''s crude steel production in January-October 2016 surged by 8.1% YoY to 56.251 million tonnes while finished steel consumption stood at 48.093 million tonnes up by 2.8% YoY although finished steel production for sale grew by 10.4% YoY to 57.51 million tonnes.
Crude Steel:
During April-October 2016-17, crude steel production was 56.215 million tonnes, a growth of 8.1% over same period of last year. SAIL, RINL, TSL, Essar, JSW & JSPL together produced 31.348 million tonnes during April-October. 2016-17, which was a growth of 14.4% compared to same period of last year. The rest i.e. 24.867 million tonnes came from the Other Producers, which was a growth of 1.2% compared to last year. Overall crude steel production in October 2016 (8.23 million tonnes) was up by 11.8% over October 2015 and by 2.3% over September 2016.
Hot Metal
During April-October 2016-17, hot metal production was 37.087 million tonnes, a growth of 8.5% over same period of last year. SAIL, RINL, TSL, Essar, JSW & JSPL together produced 30.393 million tonnes during April-October. 2016-17, which was a growth of 10.1% compared to same period of last year. The rest i.e. 6.694 million tonnes came from the Other Producers, which was a growth of 1.6% compared to last year. Overall hot metal production in October 2016 (5.435 million tonnes) was up by 13.1% over October 2015 and by 2.8% over September 2016.
Pig Iron
During April-October 2016-17, pig iron production for sale was 5.541 million tonnes, a decline of 1.5% over same period of last year. SAIL, RINL, TSL, Essar, JSW & JSPL together produced 0.568 million tonnes during April-October 2016-17, which was a decline of 21% compared to same period of last year. The rest came from the Other Producers, which was a growth of 0.4% compared to same period of last year. Overall pig iron production for sale in October 2016 (0.8 million tonnes) was up by 1% over October 2015 and by 0.6% over September 2016.
Total Finished Steel: Production for sale
Production for sale of total finished steel at 57.51 million tonnes, registered a growth of 10.4% during April- October 2016-17 over same period of last year. SAIL, RINL, TSL, Essar, JSWL & JSPL together produced 32.013 million tonnes during April-October 2016-17, which was a growth of 16.3% compared to same period of last year while production for the Other Producers was down by 1.3%. Overall finished steel production for sale in October 2016 (8.249 million tonnes) was up by 13.6% over October 2015 but was down by 2.5% over September 2016.
Exports
Export of total finished steel was up by 42.1% in April-October 2016-17 (3.566 million tonnes) over same period of last year. Exports in October 2016 (0.536 million tonnes) was up by 95% over October 2015 but was down by 18.2% over September 2016.
Imports
Import of total finished steel at 4.135 million tonnes in April-October 2016-17 declined by 40.2% over same period of last year. Imports in October 2016 (0.538 million tonnes) was down by 54.5% over October 2015 and by 12.4% over September 2016. India remained a net importer of total finished steel during April-October 2016-17.
Consumption
India’s consumption of total finished steel saw a growth of 2.8% in April-October 2016-17 (48.093 million tonnes) over same period of last year. Consumption in October 2016 (7.114 million tonnes) was down by 1.4% over October 2015 and was also down (by 0.5%) over September 2016.
-The
18th China(Guangzhou)Int’l Metal &Metallurgy Exhibition
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