Trade Resources Industry Views Capacity for Crude Steel Production Expanded to 89.29 Million Tonnes Per Annum in 2011-12

Capacity for Crude Steel Production Expanded to 89.29 Million Tonnes Per Annum in 2011-12

Capacity for crude steel production expanded from 51.17 million tonnes per annum in 2005-06 to 89.29 million tonnes per annum in 2011-12.

Crude steel production grew at 8% annually (CAGR) from 46.46 million tonnes in 2005-06 to 73.79 million tonnes in 2011-12.

Production for sale of finished steel stood at 73.42 million tonnes during 2011-12 as against 46.57 million tonnes in 2005-06, an average annual (CAGR) growth of 7.9%.

Real consumption of finished steel has grown at a CAGR of 9.4% during the last six years.

Domestic real steel consumption was at 70.92 million tonnes and increased by 6.8% on a year-on-year basis.

Export of finished steel during 2011-12 stood at 4.04 million tonnes while Import during 2011-12 stood at 6.83 million tonnes.

Source: http://www.steelguru.com/indian_news/Year_End_Review_2012_Production_and_consumption_of_steel_in_India/296919.html
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Year End Review 2012 - Production and consumption of steel in India
Topics: Construction