India's finished steel consumption totaled 13.3 million mt in the first two months of the current fiscal year (started April 1), indicating a 4.5 percent year-on-year increase, according to provisional estimates released by the Joint Plant Committee (JPC) which is part of India's Ministry of Steel. India’s total finished steel consumption in May this year amounted to 7.56 million mt, increasing by 31.4 percent compared to April and growing by 3.8 percent year on year.
According to the data, the country's finished steel production rose by 2.4 percent year on year to 15.9 million mt in the April-May period of the current year. Among the main producers, state-owned steel producer SAIL posted an increase of 4.3 percent in finished steel production to 1.76 million mt, while the finished steel output of Tata Steel rose by a margin of 4.1 percent to 1.47 million mt, and RINL’s finished steel output increased by 3.5 percent to 447,000 mt, all year on year.