India’s Crude Steel Output Grows 4% to 8.92 MT In November

India’s crude steel output grew 3.8 percent to 8.92 million tonnes in November 2018, according to the Joint Plant Committee.

The country produced 8.60 MT crude steel during the same period a year ago, the committee said in its latest report.

“Crude steel production stood at 8.92 MT in November 2018, up 3.8 percent over November 2017, and was up 1.7 percent over October 2018,” the report said.

State-run SAIL, Rashtriya Ispat Nigam, Tata Steel Ltd., Essar Steel Ltd., JSW Steel Ltd. and Jindal Steel & Power Ltd. together produced 5.42 MT. This was 8 percent more compared with 5.01 MT the six players produced in November 2017, it said.

The rest 3.50 MT crude steel came from other producers.

The overall production of finished steel stood at 10.87 MT in the reported month, up 3.6 percent over 10.50 MT produced in November 2017, the report said.

During November, India's hot metal production stood at 6.15 MT, up 8.6 percent from the year-ago period.

The output of pig iron rose to 0.49 MT from 0.47 MT in November 2017.

India has set a target of producing 300 MT crude steel by 2030 with an investment of Rs 10 lakh crore. The Cabinet has already approved a national steel policy in this regard.

Under the Ministry of Steel, the Joint Plant Committee is the only institution in India that collects and maintains data on domestic steel and iron sector.