Steel production by Indian Public Sector Units (PSU’s) declined by 2.8pc to 20.9mn mt in FY 2020 (April 2019-March 2020) from the prior year. PSU’s production in March 2020 stood at 1.8mn mt , down by 5.7pc. Output by private steelmakers in March stood at 8.03mn mt, a drop of 1.2pc from March 2019.
Sail, the largest producer produced 16.15mn mt , a decline of 0.7pc from the prior year. Overall output from PSU’s accounted for 19.1pc of India’s crude steel production, 31pc of hot metal production and 11.2pc of pig iron production. Around 44pc of total crude steel production was by blast furnaces .
Contribution of the non-alloy steel segment stood at 97.664mn mt, up by 3pc from the prior year and accounting for 96pc. The remaining contribution came from alloy steel segment (including stainless steel).
|India’s crude steel production|
|March crude steel production|
|March 2019-20||March 2018-19||Change (%)|
Around 86pc of sponge iron production in India came from Coal based plants. Total sponge iron production increased by 7pc in April-March 2019-20 to 37.14mn mt.
Sail produced 1.517mn mt railway material while JSWL produced higher quantity of HR coils and strips at 11.35mn mt in the current fiscal year.