Indian crude steel production up five percent in May

Thursday, 13 June 2019 13:45:16 (GMT+3)   |   Kolkata
       

Indian crude steel production has been provisionally estimated at 9.24 million mt for May this year, up five percent compared to the corresponding month of the previous year, according to data released by the Joint Plant Committee (JPC) under India’s Ministry of Steel and the sole official compiler of industry data.

The JPC data showed that cumulative production during the April-May period has been estimated at 18.02 million ton, up 3.4 percent over the corresponding period of the previous year.

Domestic steel consumption in May totaled 8.03 million mt, up 7.4 percent over the corresponding month of the previous year, the data showed.

According to the JPC, Indian steel imports in May were estimated at 865,000 mt, down 10.3 percent from the corresponding month of the previous year, while steel exports were recorded at 611,000 mt, indicating a sharp 35 percent fall from May 2018.

 


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