Latest Provisional data from the Steel Ministry's Joint Plant Committee reveals that India’s crude steel production in April-February 2023 was 113.44M metric ton, up 3.9% YoY, while finished steel production & consumption were 109.35M metric ton & 107.2M metric ton, up 6.2% YoY & 11.6% YoY, respectively. As a result our earlier expectation of India’s crude steel production in April-March 2023, now seems a dream-----------------February 2023Crude Steel Production - 9.904M metric ton, down 2.5% YoYFinished Steel Production - 9.874M metric ton, up 3.0% YoYImports - 0.59M metric ton, up 44.3% YoYExports - 0.58M metric ton, down 50.3% YoYConsumption - 10.10M metric ton, up 11.1% YoY-----------------April- February 2023Crude Steel Production - 113.44M metric ton, up 3.9% YoYFinished Steel Production - 109.35M metric ton, up 6.2% YoYImports 5.59M metric ton, up 29.5% YoYExports5.90M metric ton, down 52.0% YoYConsumption - 107.20M metric ton, up 11.6% YoY
Latest Provisional data from the Steel Ministry's Joint Plant Committee reveals that India’s crude steel production in April-February 2023 was 113.44M metric ton, up 3.9% YoY, while finished steel production & consumption were 109.35M metric ton & 107.2M metric ton, up 6.2% YoY & 11.6% YoY, respectively. As a result our earlier expectation of India’s crude steel production in April-March 2023, now seems a dream-----------------February 2023Crude Steel Production - 9.904M metric ton, down 2.5% YoYFinished Steel Production - 9.874M metric ton, up 3.0% YoYImports - 0.59M metric ton, up 44.3% YoYExports - 0.58M metric ton, down 50.3% YoYConsumption - 10.10M metric ton, up 11.1% YoY-----------------April- February 2023Crude Steel Production - 113.44M metric ton, up 3.9% YoYFinished Steel Production - 109.35M metric ton, up 6.2% YoYImports 5.59M metric ton, up 29.5% YoYExports5.90M metric ton, down 52.0% YoYConsumption - 107.20M metric ton, up 11.6% YoY
