steel production

India\’s steel import falls 36% to 7.4 MT in 2016-17, Auto News, ET Auto

[ad_1] NEW DELHI: India\’s import of total finished steel fell 36 per cent to 7.4 million tonnes (MT) and exports jumped 102 per cent to 8.2 MT in 2016-17, according to official data. In terms of production too the country did well, according to Joint Plant Committee\’s annual report on the sector for 2016-17. Export […]

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India\’s steel output likely to rise 6% to 89 MT in 2017, Auto News, ET Auto

[ad_1] NEW DELHI: India\’s finished steel products output is likely to reach 88.6 million tonnes in the current year, registering an increase of 5.7 per cent. The country produced 83.5 million tonnes (MT) of finished steel products last year, according to World Steel Association which released its Short Range Outlook (SRO) for 2017 and 2018.

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Demand for high value steel to grow as Make in India programme gets a push, Auto News, ET Auto

[ad_1] KOLKATA: India is set to witness an uptrend in demand for high value added steel led by thrust on domestic production in defence, ship building, renewable energy and automobile sectors under the government’s Make in India programme. This is also expected to turn into a focus area of growth for domestic producers, S&P Global

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India becomes second largest steel producer in the world, Auto News, ET Auto

[ad_1] NMDC has been raising prices for domestic customers even as prices have been coming down globally over the past few months. KOLKATA: India has emerged as the second largest stainless steel producer in the world after China. India overtook Japan as the second-biggest producer in 2016, according to data released by the International Stainless

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