Indian finished steel production swells in 2003/04
In 2003/04 fiscal year, finished steel production in India reached 36.2 million mts, revealing a rise of 7.5% compared to the same period of previous year. According to the Steel Ministry's data, exports also surged by 16% to 5.2 million mts while imports were recorded as 1.7 million mts with an increase of 9.3%. In the aforementioned period, apparent consumption of finished steel rose by 5% to 30.3 million mts. Steel Authority of India Ltd (SAIL) produced 8.6 million mts of finished steel in 2003/04 while finished steel production of Tata Steel and Visakhapatnam was recorded as 3.5 million mts and 2.8 million mts respectively.