Steel production in India increased in July

According to the report of the Indian rating agency CARE Ratings, crude steel production in India in July this year increased by almost 12% compared to the same month a year ago, and finished steel output increased by 10.6% year on year.

India’s steel production in July was 3% higher than in July 2019, that is, before the outbreak of the COVID-19 epidemic, and finished steel production in July increased by 4% compared to July two years ago.

India’s steel production totaled 42.2 Mt from April to July 2021/22, up 62.3% from the previous year; Production of finished rolled products increased by 57.7% year-on-year to 35 million tonnes.

During this period, steel consumption in India amounted to 33.1 million tonnes, up 66.3% from a year earlier.