India's finished steel consumption totaled 20.1 million mt in the first quarter of the current fiscal year (started April 1), indicating a 7.1 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 June this year amounted to 7.17 million mt, decreasing by 3.3 percent compared to May and increasing by 6.6 percent year on year.
According to the data, the country's finished steel production rose by 2.8 percent year on year to 23.7 million mt in the April-June period of the current year. Among the main producers, state-owned steel producer SAIL posted growth of 4.6 percent in finished steel production to 2.53 million mt, while the finished steel output of Tata Steel rose by a slight margin of 0.3 percent to 2.18 million mt, and RINL’s finished steel output decreased by 4.2 percent to 634,000 mt, all year on year.