Indian steel consumption

Indian steel consumption growth is almost nil in last 9 months According to latest release from Indian steel ministry’s Joint Plant Committee, India’s total steel consumption grew by just 0.5% YoY to 53.789 million tonnes during April-December 2013 as against 53.52 million tonnes in the first nine months of 2012-13.

Consumption of carbon steel during the current year amounted to 51.22 million tonnes up by 2.2%YoY while alloy steel consumption dipped by massive 25% YoY to 2.547 million tonnes

As per JPC data, production for sale of the total finished steel at 60.446 million tonnes registered a growth of 5.2% during the April-December

Import showed a southward trend at 4.099 million tonne during the period down by 29.2% YoY as against 5.790 million tonnes in april-December2012. However exports were up by 9.5 per cent to 4.136 million tonnes as against 3.778 million tonnes in April-December 2012

The production of pig iron during April-December2013 slid by 3.3% YoY to 4.451 million tonnes while the consumption reduced by 10.3% YoY to 3.931 million tonnes

(www.steelguru.com)

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