India's crude steel output increased by more than 6% from April to June
Jul. 27, 2018
According to statistics released by the Joint Factory Committee (JPC) of the Indian Ministry of Steel, the first fiscal quarter of 2018/2019 (April-June 2018), India's crude steel output was 26.08 million tons, compared with the previous one. The fiscal year increased by 6.2%.
In the current period, the six steel companies such as the Indian Steel Authority (SAIL), RINL Steel, Tata Steel, and Essar Steel produced a total of 15.6 million tons of crude steel, a year-on-year increase of 12%.
The Indian government has proposed that by 2030, Indian crude steel production will increase to 300 million tons per year. To achieve this goal, India needs to invest 10 trillion rupees.