India’s total steel production capacity is at 143.91 million tonnes currently

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This Union Minister for Steel, Ram Chandra Prasad Singh has announced that the total steel production capacity of the country at present is 143.91 million tonnes.

The information was given in a written reply to a question in the Lok Sabha.

Data given by the minister showed that India’s total finished steel production was at 26.35 MT in the first quarter of FY22. The production was at 96.20 MT in FY21 and 102.62 MT in FY20.

Further, the country’s finished steel consumption was at 24.85 MT in Q1FY22, while it stood at 94.89 MT in FY21 and 100.17 MT in FY20.

As per the Indian Mineral Yearbook, 2019 published by the Indian Bureau of Mines, there were 254 reporting mines in 2018-19, out of which 35 mines were in the Public Sector and 219 in Private Sector.

Source: IIFL SECURITIES

 

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