Business News/ Industry / Manufacturing/  India’s crude steel output falls 1.4% to 8.936 MT in December

New Delhi: India’s crude steel production fell by 1.4% to 8.936 million tonnes (MT) in December 2018, according to official data.

The country had produced 9.067 MT crude steel in December 2017.

“Crude steel production stood at 8.936 MT in December 2018, down by 1.4% over December 2017 and was down by 0.3% over November 2018." the Joint Plant Committee (JPC) said in its latest report.

During April-December, state-run SAIL, Rashtriya Ispat Nigam, Tata Steel, Essar Steel, JSW Steel and Jindal Steel and Power together produced 47.462 MT, the report said, adding that the rest 31.522 MT came from other producers.

In December 2018, hot metal output stood at 6.158 MT, 2.6% higher over 6.001 MT in the same month in 2017, the JPC said.

The country’s pig iron production fell by 5.5% to 0.530 MT in December 2018 from 0.561 MT in December 2017.

India has set an ambitious target of increasing its capacity to 300 MT by 2030-31.

The JPC, under the Ministry of Steel, is the only institution in the country that collects data on the iron and steel industry.

(This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed)

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Updated: 19 Jan 2019, 09:00 PM IST
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