Indian steel industry grows in FY 2019, exports decline

Thursday, 02 May 2019 00:52:18 (GMT+3)   |   San Diego

According to the Joint Plant Committee of India, India produced 106.4 million mt of crude steel in FY 2019 ended March 31, 2019, up 3 percent compared to 102 million mt in FY 2018. Finished steel imports increased by 5 percent to 7.84 million mt while steel exports declined 34 percent to 6.36 million mt in FY 2019. Steel consumption increased by 8 percent year-on-year to 97.52 million mt in FY 2019.

The two largest domestic producers of crude steel were RINL with 10.6 percent of the total followed by 8.3 percent by SAIL.

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