October 13, 2008
Indian crude steel and DRI production in 2 months surges
As per the latest release from International Iron and Steel Institute, India’s crude steel production is 4.636 million tonnes in February 2008 up by 25.1% YoY as compared to February 2007. China has recorded only 7% YoY growth in crude steel production during January to February 2008
| Crude steel | 2007 | 2008 | Change |
| Jan | 3.877 | 4.799 | 23.8% |
| Feb | 3.666 | 4.635 | 26.4% |
| Jan-Feb | 7.543 | 9.434 | 25.1% |
Source – IISI
2007 Figures are as per earlier release
Thus taking an average production of 4.8 million tonnes per months Indian crude steel production is likely to reach 57 million tonnes. But with new capacity additions in the balance 10 months it may cross 60 million tonnes
The production of DRI has also surged by 12.5% YoY in January to February 2008 period. India accounted for 33.4% of the share out of total global production of 9.427 million tonnes
| DRI | 2007 | 2008 | Change |
| Jan | 1.450 | 1.600 | 10.3% |
| Feb | 1.350 | 1.550 | 14.8% |
| Jan-Feb | 2.800 | 3.150 | 12.5% |
Source – IISI
2007 Figures are as per earlier release
