India's total
production of finished steel for the April 2004 - January 2005 period rose 3.8% year-on-year to 31.65 million metric tons. Total
pig iron production was 2.39 million metric tons, a 900'000 metric ton decrease from the previous year.
On the other hand, the
consumption of finished steel during the same period increased 6.2%, from 26.27 million metric tons to 28 million metric tons.
An increase in domestic demand saw steel exports during the ten-month period tumble 26.24% year-on-year to 3.08 million metric tons.
In January 2005,
India's state owned Steel Authority of
India Limited (
SAIL) produced 1.26 million metric tons of hot metal, 1.18 million metric tons crude steel and 1.05 million metric tons of saleable steel, representing 97%, 100% and 100% of the company's respective
production goals.