Indian steel production up 20 percent in April-November

Wednesday, 29 December 2021 11:57:25 (GMT+3)   |   Kolkata
       

Despite the second wave of the pandemic, Indian steel production registered a growth of 20 percent in the first eight months (April-November) of the fiscal year 2021-22 to 76.44 million mt, a statement issued by the ministry of steel said on Thursday, December 29.

The statement said that the ministry has set up a Joint Working Group (JWG) to increase domestic steel consumption, particularly with a focus on increasing rural demand.

The JWG has been set up following joint consultations with domestic steel companies and large user industries, the statement said.

Government-run steel producers Steel Authority of India Limited (SAIL) and Rashtriya Ispat Nigam Limited (RINL) have been directed to expand their rural distribution network to bring producers closer to customers and increase demand in the rural belt of the country, the statement said.


Similar articles

India’s steel ministry likely to revisit option of mega merger of government mills after elections

28 Mar | Steel News

India’s VSTL setting up greenfield steel pipe making unit in Odisha

27 Mar | Steel News

Ex-India billet prices stable, but buyers try to push below $490/mt FOB

27 Mar | Longs and Billet

India’s JSL and IIT ink pact to collaborate on R&D and production of primary alloys

27 Mar | Steel News

Ex-India HRC prices soften slightly amid slow demand globally

26 Mar | Flats and Slab

Local Indian HRC prices stable amid lack of base price clarity from mills

25 Mar | Flats and Slab

Ex-India pellet prices continue to decline but buying still limited

22 Mar | Scrap & Raw Materials

Indian sponge iron producers seek import duty on exports of lower grade iron ore

21 Mar | Steel News

Import scrap prices in India show mixed trend, buyers stay away amid holidays, elections

20 Mar | Scrap & Raw Materials

India’s RINL floats export tender for 30,000 mt billet for end-April shipment

20 Mar | Longs and Billet