According to the provisional data from the Steel Ministry's Joint Plant Committee, despite severe dip in exports to three year low & surge in imports resulting in net imports, Indian steel sector has continued to perform well in July 2022 by reporting double digit growth in finished steel production & consumptionCrude Steel - 9.97 million tonne, up 2% YoYFinished Steel - 9.66 million tonne, up 10% YoYImports - 0.44 million tonne, up 8% YoYExports -0.38 million tonne, down 75% YoYConsumption - 9.17 million tonne, up 14% YoYCrude Steel Production July 2022AM/NS India, JSW & JSPL - 2.80 million tonne, up 6% YoYTata Steel - 1.67 million tonne, up 1% YoYSAIL - 1.39 million tonne, down 7% YoYRINL - 0.25 million tonne, down 48% YoYOthers -3.86 million tonne, up 11% YoYApril—July 2022Crude Steel - 40.95 million tonne, up 9% YoYFinished Steel - 38.55 million tonne, up 9% YoYImports - 1.62 million tonne, up 3% YoYExports - 2.57 million tonne, down 49% YoYConsumption - 36.53 million tonne, up 11% YoY
According to the provisional data from the Steel Ministry's Joint Plant Committee, despite severe dip in exports to three year low & surge in imports resulting in net imports, Indian steel sector has continued to perform well in July 2022 by reporting double digit growth in finished steel production & consumptionCrude Steel - 9.97 million tonne, up 2% YoYFinished Steel - 9.66 million tonne, up 10% YoYImports - 0.44 million tonne, up 8% YoYExports -0.38 million tonne, down 75% YoYConsumption - 9.17 million tonne, up 14% YoYCrude Steel Production July 2022AM/NS India, JSW & JSPL - 2.80 million tonne, up 6% YoYTata Steel - 1.67 million tonne, up 1% YoYSAIL - 1.39 million tonne, down 7% YoYRINL - 0.25 million tonne, down 48% YoYOthers -3.86 million tonne, up 11% YoYApril—July 2022Crude Steel - 40.95 million tonne, up 9% YoYFinished Steel - 38.55 million tonne, up 9% YoYImports - 1.62 million tonne, up 3% YoYExports - 2.57 million tonne, down 49% YoYConsumption - 36.53 million tonne, up 11% YoY
