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India' crude steel output hits record 100 mn tonnes in 2017

Press Trust of India  |  New Delhi 

The country's production rose nearly 6 per cent to hit an all-time high of 101.28 million tonnes (MT) last year, according to official data.

During April-December of the fiscal 2017-18, the output stood at 75.50 MT as against 72.20 MT during the same period a year ago, an expansion of 4.6 per cent, the Joint Plant Committee (JPC) -- which is empowered by the to collect data on the Indian iron and -- said in its latest report.

"For the first time..., India's production crossed the 100 million tonnes mark in 2017, reaching 101.227 MT, a growth of 5.87 per cent over 2016," it said.

In December alone, the country produced 8.65 MT as against 8.38 MT in the same month a year ago.

SAIL, RINL, TSL, Essar, JSWL and together produced 43.39 MT during April-December 2017, which was a growth of 6.5 per cent over the same period of the preceding year, it said.

The rest 32.10 MT came from other producers, which was a growth of 2.1 per cent over the same period a year earlier, the report said.

also expressed satisfaction over the production numbers.

"Glad to share that India's production crossed the 100 million tonnes (MT) mark in 2017. This reflects the industry's commitment towards strengthening the Indian steel sector," he said in a Tweet.

is the third largest of crude steel in the world after and The country is now aiming to grab the second spot.

The government is taking various measures to promote the domestic and raise capacity.

On May 3, the Cabinet gave nod to a new policy that aims to achieve of 300 million tonnes by 2030 with an additional investment of Rs 10 lakh crore.

The same day, the government approved a policy for providing preference to domestically manufactured iron and in procurement by the government and its agencies.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, January 11 2018. 16:05 IST