India becomes 5th largest crude steel producer in world
Thursday, 9 August 2007
NEW DELHI, Aug 8 (PTI): Riding on the back of increasing crude steel production and major capacity expansions being carried out by major steel players, India has become the world's fifth largest crude steel producer in the world.
"Based on the revised data for crude steel, calculations for the calendar year 2006 show that India achieved a production of 49.45 MT during the year (2006). This then makes India the fifth largest global crude steel producer as against the seventh rank," according to an official statement here yesterday.
However, during the last fiscal crude steel production was pegged at 50.71 MT and that of finished steel at 51.90 MT, it said.
According to revised data compiled by the Joint Plant Committee (JPC), the country's net production of finished and alloy steel in 2006-07 stood at 51.90 MT compared to 46.56 MT in 2005-06.
During the last fiscal, the domestic consumption stood at 46.14 MT against 41.13 MT in 2005-06, it added.
"Based on the revised data for crude steel, calculations for the calendar year 2006 show that India achieved a production of 49.45 MT during the year (2006). This then makes India the fifth largest global crude steel producer as against the seventh rank," according to an official statement here yesterday.
However, during the last fiscal crude steel production was pegged at 50.71 MT and that of finished steel at 51.90 MT, it said.
According to revised data compiled by the Joint Plant Committee (JPC), the country's net production of finished and alloy steel in 2006-07 stood at 51.90 MT compared to 46.56 MT in 2005-06.
During the last fiscal, the domestic consumption stood at 46.14 MT against 41.13 MT in 2005-06, it added.