India's steel consumption rises by 3.4% in April 2014

India's steel consumption grew by 3.4 percent to 5.8 million tonnes in April 2014 over the same month a year ago. Independent Steel Producers (ISPs) such as SAIL, RINL, Tata Steel, Essar Steel, JSW and JSPL together produced 3.7 million tonnes in April, while the remaining came from minor producers. The total production for sale increased by 3.3% to 7.0 million tonnes. Imports spurt 14.1 percent to 0.494 million tonnes, while exports saw an increase by 13 percent to 0.461 million tonnes during the month.

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