Steel Consumption goes up by 5.2 percent during April-June 09

PRODUCTION ALSO GOES UP BY 3.4 PERCENT 

Production of finished steel went up by 3.4 percent to 13.98 million tonnes during April-June 09 as compared to 13.53 million tonnes during the same period last year. Consumption of finished steel went up by 5.2 percent from 12.2 million tonnes during the first quarter of Financial Year 09 to 12.83 million tonnes during April-June this year. 

During April-June 2009, exports declined from 1.032 million tonnes to 0.642 million tonnes recording a fall of 37.8 percent while imports also fell 5.3 percent from 1.493 million tonnes to 1.414 million tonnes. 

Production of saleable steel of Steel Authority of India Limited (SAIL) went up by 3.73 percent to 30.6 lakh tonnes upto June 09 compared to 29.5 lakh tonnes during April-June 08. Finished steel production of RINL went up by 2.09 percent, from 6.71 lakh tonnes to 6.85 lakh tonnes. In the month of June 09 production of saleable steel by SAIL rose by 7.22 percent (i.e. 10.4 lakh tonnes against 9.7 lakh tonnes) and that of RINL went up by 21.72 percent (2.41 lakh tonnes against 1.98 lakh tonnes). 

During the period up to June 09, SAIL’s volume of sales rose by 5.58 percent (28.4 lakh tonnes against 26.9 lakh tonnes) but declined in the case of RINL by 4.33 percent (5.74 lakh tonnes against 6 lakh tonnes.