India’s Crude Steel Production (Apr’21-Oct’22)

India’s Crude Steel Production in Oct’22 was reported at 10.45 million tonnes (mnt). Many tier-1 mills are still operating at lower capacity even after taking maintenance shutdowns around August-September. Secondary ones too are working under lesser capacity utilization. Of the primary mills, those producing via gas are more under pressure while secondary mills are bracing for a rise in pellet, sponge and scrap prices.