Data from Joint Plant Committee (JPC), an arm of the union steel ministry, shows that the country's steel consumption grew 3.5 percent to 5.6 million tonne (mn t) in April 2013 from 5.4 mn t in the same month. Steel consumption in April 2013 is slightly more than the average 3.3 percent growth in 2012-13. The Indian economy consumed 73.3 mn t steel in the previous fiscal compared to 71 mn t in 2011
Tag: finished steel
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Finished steel output rose 0.5% in Feb 2013
Union Minister of Steel Beni Prasad Verma informed that provisional data released by Joint Plant Committee (JPC) indicates that production for sale of total finished steel increased 0.5 percent in February 2013 as compared to a growth of 4.3 percent (and not 8.7 percent) in February 2012. In a written reply in the Rajya Sabha Verma said, Steel being a deregulated sector, the role of the government is that of a facilitator providing a conducive polic
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Steel sector witnesses subdued growth in consumption
Data from the union steel ministry shows that consumption of finished steel in the country rose a mere 3.9 per cent to 54.8 million tonne (mn t) in Apr-Dec 2012 from 52.7 mn t in the year-ago period. Industry watchers attribute the muted growth in steel consumption to the subdued demand from the end-use