India’s total production of finished steel during the just concluded fiscal grew 3.1% to 104.966 MT. The country had exported 8.242 MT finished steel during 2016-17 fiscal, the Joint Plant Committee (JPC) said in a report. Empowered by Ministry of Steel, JPC is the only institution which collects data on the Indian iron and steel industry. Import of total finished steel rose by 3.5% to 7.482 MT in FY18 compared to 7.226 MT in the preceding fiscal. State-owned Steel Authority of India Ltd (Sail), Rashtriya Ispat Nigam Ltd (RINL) along with private players Tata Steel, Essar Steel, JSW Steel and Jindal Steel and Power Ltd produced 62.626 MT during 2017-18.

Source: Mint May 06, 2018 10:30 UTC