India’s crude steel output up 5.4% in Jan-July: WSA

India’s crude steel output increased by 5.4 per cent to 61.8 million tonnes in the first seven month of the calendar year 2018, according to World Steel Association.

The country had produced 58.6 million tonnes of crude steel in January-July of 2017, the association said in a statement. India’s crude steel production in July increased by 8.4 per cent to 9 million tonnes, over 8.3 million tonnes in July 2017, the release said.

World crude steel production for the 64 countries reporting to the World Steel Association was at 154.6 million tonnes in July, registering an increase of 5.8 per cent when compared to July 2017.

China’s crude steel production for July was at 81.2 million tonnes, registering an increase of 7.2 per cent when compared with July 2017. Japan produced 8.4 million tonnes of crude steel last month, down by 2 per cent when compared with July 2017.

The government had earlier said that India’s crude steel output is expected to soar by 38 per cent to 140 million tonnes by the end of this year. The country produced 101.4 million tonnes steel in 2017.

The steel ministry had earlier asked industry players to make full use of the resources available in the country to increase steel output.

Under the National Steel Policy (NSP), the government has set a production target of 300 million tonnes by 2030-31. The NSP also aims at more than doubling the per capita steel consumption to 158 kg by 2030-31, from 70 kg at present.