Posted on 10 Aug 2016
India's steel consumption declined to over 7 percent to 6.3 million tons for the second consecutive month in July compared to June. According to the Joint Plant Committee (JPC), consumption in July was 6.289 (million tons) MT up by 1.1 percent over July 2015.
During the first four months of 2016-17, crude steel production was 31.8 MT, up 5 per cent over same period of last year. The production in July 2016 stood at 8.1 MT, which was up by 5.6 per cent over July 2015 and by 0.1 per cent over June 2016.
In April-July exports increased 8.7 percent at 1.7 mt over same period last year, while outbound shipments last month stood at 0.5 MT, up by 7.6 per cent over July 2015 but declined by 13.2 per cent over June 2016.
