Domestic steel consumption in March 2016 (7.311 million tons) increased by 3.7% compared to February 2016 (7.050 mt) and by 1.4% compared to March 2015, initial provisional steel ministry data showed.
India’s consumption of total finished steel saw a growth of 4.3% in April-March 2015-16 (80.273 mt) compared to same period of last year.
Such growth was mostly led by imports (up by 20.2%) which accounted for 14% in total steel consumed by the country during the year, given that production for sale was down by 1.1% during this period.
Month |
Consumption (in million tons) in 2015-16 |
% month on month |
March |
7.310 |
3.7 |
February |
7.050 |
1.0 |
January |
6.982 |
2.9 |
December |
6.783 |
14.8 |
November |
5.906 |
-16.3 |
October |
7.059 |
13.8 |
September |
6.205 |
-5.2 |
Source: Steel Ministry (Provisional data)