Indian steel production increased by 4.5% year-on-year in fiscal year 2018-2019

Recently, the Indian Ministry of Steel said in a report thatin the first nine months of 2018-19 (April-December 2018), India's steel outputwas 97.358 million tons, up 4.5% year-on-year, and steel consumption was 71.662million tons. , an increase of 8.4%.

However, in April-December, India's steel exports fell by38.5% year-on-year to 4.775 million tons, and steel imports fell by 3.1% year-on-yearto 5.908 million tons. In April-December 2018, India was a net importer ofsteel.

The report shows that in December 2018, India's steel outputwas 11.422 million tons, an increase of 4.3% year-on-year and a 4.9% increasefrom the previous month. In the same month, Indian steel consumption was 8.339million tons, an increase of 9.4% over the same period of last year and anincrease of 9.2% from November last year.

In December 2018, India's steel imports were 548,000 tons,down 2.5% year-on-year and 6% quarter-on-quarter. “In December, India’s steelexports were 367,000 tons, down 61.9% year-on-year and 7.9%quarter-on-quarter,” the report said.