Top six companies drive steel output growth

Biggers players overcame muted demand through increasing exports, say experts

The top six companies in the steel sector led the growth of crude output in the first nine months of 2016-17.

During April-December 2016-17, the production of crude steel stood at 72.34 million tonnes (mt), a growth of 8.8 mt compared to the same period the previous year. Steel Authority of India (SAIL), Rashtriya Ispat Nigam (RINL), Tata Steel, Essar Steel, JSW Steel and JSPL produced 40.37 mt during this period, a growth of 15.7 per cent over the previous year. 

The balance 31.97 mt was contributed by others, which was a growth of 1.1 per cent.

While the top six say their