During November 2022, Indian smelters produced 10.335 million tons of steel, down 1% from the previous month and up 5% year on year.
Production of finished steel decreased by 4% versus October to 9.549 million tons, but grew by 3% year-on-year, SteelMint reports citing preliminary JPC statistics.
Since the beginning of the financial year (April-November 2022), steel production in India increased by 5.55% year-on-year to 81.889 million tons. Rolled metal production increased by 6.44% to 77.721 million tons.
Export of finished rolled products in November decreased against the previous month by 6% to 0.338 million tons. On a year-on-year basis, the decline was 53%. Since the beginning of the financial year, deliveries of Indian steel products abroad have decreased by 55% to 4.299 million tons.