New Delhi: India’s production of finished steel during June this year went up to 13.8 million tonnes, which represents a 6 per cent increase over the corresponding figure of 13 million tonnes in the same month last year, according to data released by the Ministry of Steel on Monday.
The country’s production of finished steel during the first quarter of the current financial year (April-June) rose by 5.9 per cent to 41 million tonnes from 38.7 million tonnes in the same quarter of the previous year.
Consumption of finished steel shot up by a robust 7.2 per cent to 14.2 million tonnes during June compared with 13.2 million tonnes in the same month last year, as demand from big-ticket infrastructure projects taken up by the government in the highways, railways and ports sectors fuelled demand.
The consumption of finished steel during the April-June quarter of the current financial year clocked an 8.3 per cent growth to 41.6 million tonnes from 38.4 million tonnes in the same quarter last year, reflecting the steady growth that is being maintained in the development of large-scale infrastructure projects in the country.
India’s steel exports also surged by 38.1 per cent during June to 6,16, 200 tonnes compared with the corresponding figure of 4,46,200 tonnes in the same month last year.
India’s production of crude steel was recorded at 14.1 million tonnes in June this year compared with 13.5 million tonnes in the same month of the previous year. In value terms, the exports during June jumped by 43.5 per cent to Rs 4,674 crore from Rs 3,256.9 crore in the same month last year.
India’s total crude steelmaking capacity reached 221.9 million tonnes per annum as of June 2026, keeping the industry on track to achieve the National Steel Policy target of 300 million tonnes per annum by 2030, according to an official statement.
(IANS)
