As per the recent data released by the Joint Plant Committee, Indian bar and rod production surge by 11% in May’17 to 3.10 MnT against 2.80 MnT in Apr’17.
However Y-o-Y analysis the production fell marginally by 0.2%, against 3.11 MnT in May’16.
Out of overall bar and rod production for the month, the integrated/large steel players contributed around 35% and rest is contributed by the Medium and small scale players.
There was a remarkable growth in long steel production by JSW with 20.9% in May’17 to 0.3 MnT followed by RINL (16.7%), JSPL (10.3%) and TATA Steel (5.8%).
Similarly, production by medium and small scale producers also shoot up by 14% to 2.10 MnT in May’17 against 1.84 MnT in Apr’17.
Further coming to total bar and rod production in the first 5 months of CY17 stood at 15.140 MnT up by 7.8% against 14.034 MnT in the preceding last year.
Long Steel Production:
As per the data maintained by SteelMint Statistics, the overall long steel production (Including Structure and Railway Material) sharply rose by 7% M-o-M to 3.80 MnT as compared to 3.55 MnT in Apr’17.
Bar and Rod Production till May’17
| Particulars | Apr’17 | May’17 | M-o-M |
| JSW | 0.211 | 0.255 | +20.90% |
| RINL | 0.239 | 0.279 | +16.70% |
| TSL | 0.259 | 0.274 | +5.80% |
| SAIL | 0.208 | 0.188 | -9.60% |
| JSPL | 0.058 | 0.064 | +10.30% |
| Medium/ Small Scale Producers | 1.84 | 2.095 | +13.90% |
| Total Bar and Rod Production | 2.79 | 3.103 | +10.80% |
Qty in MnT
Sources: SteelMint Research
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