India's crude steel output up by 17.7% MOM in June
2020-07-28 08:52:42 [Print]
The steel sector in India has started showing signs of improvement and in the month of June the country's crude steel production stood at 6.8 million tonne (MT), according to the Ministry of Steel.
The production of 6.8 MT was 17.7 per cent higher over May 2020, but it was lower by 27.2 per cent over June 2019, the ministry said.
The ministry further said the production of finished steel in June 2020 at 5.9 MT, was up 15.6 per cent compared to 5.1 MT in May 2020. However, on year-on-year basis, the output of finished steel in June 2020 was lower by 33.3 per cent.
The government has set a target of scaling up India's crude steel making capacity to 300 million tonnes by 2030.
The production of 6.8 MT was 17.7 per cent higher over May 2020, but it was lower by 27.2 per cent over June 2019, the ministry said.
The ministry further said the production of finished steel in June 2020 at 5.9 MT, was up 15.6 per cent compared to 5.1 MT in May 2020. However, on year-on-year basis, the output of finished steel in June 2020 was lower by 33.3 per cent.
The government has set a target of scaling up India's crude steel making capacity to 300 million tonnes by 2030.
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