India’s steel capacity stands at 143.91 mn t – Steel Minister

In a written reply to the Lok Sabha recently, Union Minister for Steel Ram Chandra Prasad Singh has announced that the total steel production capacity of the country at present is 143.91 mn t. Other key highlights:

• India’s total finished steel production was at 26.35 mn t in Q1 FY’22. Production stood at 96.20 mn t in FY’21 and 102.62 mn t in FY’20.
• The country’s finished steel consumption was at 24.85 mn t in Q1 FY’22, while it stood at 94.89 mn t in FY’21 and 100.17 mn t in FY’20.
• As per the Indian Mineral Yearbook, 2019 published by the IBM, there were 254 reporting mines in 2018-19, out of which 35 mines were in the public sector and 219 in the private sector.