India Steel consumption up 4.6% in Q1 FY18

Consumption of Steel in India grew by 4.6% to nearly 21 million tonnes in the first quarter of the current fiscal over the same period in 2016 while the country’s Steel exports jumped by nearly 66% in the April-June period, according to latest government data. The Ministry’s study also pointed out overall consumption at 7.204 million tonnes in June was down by 4% over the previous month and was up by 5.3% over corresponding month last year.

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