April, May show pick-up in steel consumption

Consumption of finished steel has increased by 4.2% on a year-on-year basis to 13.8 million tonnes

Steel consumption has picked up marginally in the first two months of the financial year.
 
According to the Joint Plant Committee data, the consumption of finished steel has increased by 4.2 per cent on a year-on-year basis to 13.8 million tonnes during the period April-May. As far as non-alloy steel is concerned, it's higher by 5.4 per cent at 12.7 million tonnes.
 
India’s consumption of finished steel in April-March 2016-17 grew three per cent to 83.93 million tonnes over last year. However, growth in non-alloy steel was higher at around 4 per cent.
 
Sushim Banerjee, director general,