Recently, the Ministry of Iron and Steel of India said in a report that in the nine months before FY 2018-19 (April-December 2018), India's steel output was 97.358 million tons, an increase of 4.5% over the previous year, and its steel consumption was 71.862 million tons, an increase of 8.4% over the previous year.
However, in April-December, India's steel exports fell 38.5% to 4675,000 tons from a year earlier, and steel imports fell by 3.1% to 598,000 tons from a year earlier.
From April to December 2018, India was a net importer of steel materials.
"In the first nine months of this financial year, India's total steel output was 97.358 million tons, an increase of 4.5% over the same period last year." The Joint Steelworks Commission of India (JPC) said in its report.
The United Steelworks Commission of India, which is affiliated with the Ministry of Iron and Steel of India, is the only body in India to collect and maintain data on the domestic steel industry.
From April to December 2018, Indian steel companies SAIL, RINL, Tata Steel, Essar, JSW Steel and JSPL produced 54.154 million tons of steel materials, an increase of 6.2% over the same period last year. During the same period, steel output of other steel enterprises was 432.04 million tons, an increase of 2.4% over the same period last year.
According to the report, in December 2018, India's steel output was 11.422 million tons, an increase of 4.3% and a 4.9% year-on-year increase.
In the same month, India's steel consumption was 8.339 million tons, an increase of 9.4% over the same period last year and 9.2% over November last year.
In December 2018, India imported 548,000 tons of steel materials, down 2.5% year-on-year and up 6% year-on-year. "In December, India's steel exports were 367,000 tons, down 61.9% year-on-year and up 7.9% year-on-year." The report shows.
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