India's finished steel consumption totaled 26.34 million mt in the first four months of the current fiscal year (started April 1), indicating a 5.4 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 July this year amounted to 6.27 million mt, decreasing by 12.3 percent compared to May and increasing by 0.9 percent year on year.
According to the data, the country's finished steel production rose by 1.3 percent year on year to 31.14 million mt in the April-July period of the current year. Among the main producers, state-owned steel producer SAIL posted growth of 0.5 percent in finished steel production to 3.31 million mt, while the finished steel output of Tata Steel rose by a margin of 2.2 percent to 2.94 million mt, and RINL’s finished steel output decreased by 6.9 percent to 844,000 mt, all year on year.