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India’s steel output rises, consumption falls in February

According to provisional statistics released by Joint Plant Committee (JPC), India’s steel output totaled around 9.7 million tons in February this year..

India’s steel output rises, consumption falls in February
According to provisional statistics released by Joint Plant Committee (JPC), India’s steel output totaled around 9.7 million tons in February this year growing by 7.2% compared to the same month a year ago. However, in the meantime, the steel consumption had a year-on-year decline of 4.2% to 9.2 million tons.

During the period from April 2021 to February 2022, the steel consumption was estimated to be 96 million tons, up by 12.7% year on year; the output was expected to reach 103 million tons, a year-on-year hike of 20%.

 

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