Indian steel production up 4% in November

India's steel production rose 3.8 percent in November to 8.92 million tonnes in November 2018, according to the Joint Steel Committee (JPC). In the same month last year, the country produced 8.60 million tonnes of crude steel, according to the latest JPC report.

State-owned companies SAIL, Rashtriya Ispat Nigam, Tata Steel, Essar Steel, JSW Steel and Jindal Steel and Power together produced 5.42 million tonnes, up 8 percent from 5.01 million tonnes produced by these six producers in November 2017. of the year.

The remaining 3.50 million tonnes of steel came from other producers. Total finished steel production in the reporting month was 10.87 million tonnes, up 3.6 percent from the 10.50 million tonnes produced in November 2017, the report said.

In November, India's hot metal production totaled 6.15 million tonnes, up 8.6 percent from last year.

Pig iron production increased to 0.49 million tonnes from 0.47 million tonnes in November 2017. India has set a target to produce 300 million tonnes of steel by 2030. In this regard, the Cabinet of Ministers has already approved a national steel policy.