India’s bar and rod production by primary steel producers up by about 10%. While, it rose by 15% by secondary producers in May’16 against Apr’16.
As per the Steel Ministry’s monthly reported data, India’s total bar and rod production in May’16 stood at about 3.10 MnT compared to 2.75 MnT in May’16. There was an increment of 13% in production.
If we talk about the production of integrated steel producers like SAIL, RINL, Tata Steel, JSW Steel and JSPL reported a positive growth of 10% to 0.99 MnT in May’16 against Apr’16. While, mini & others steel producers registered a significant growth of 15% to 2.11 MnT in the same period.
Almost all the primary steel players have showed an increase in production during May’16 compared to Apr’16, as per the JPC data.
On a cumulative basis during Apr-May’16, India’s bar and rod production of both primary and secondary players has seen an increment of about 2% as compared to same period of the previous year.
As per our sources, Jindal Steel and Power Limited (JSPL) based in eastern India is going to start their commercial production of new bar mill from Angul (Odisha) very soon, which is going to increase the supply of material in the domestic market.
India’s bar and rod production during Jan-May’16
| Month | SAIL | RINL | TSL | JSPL | JSWL | Total ISP | M-o-M | Mini & other producers | M-o-M |
| Jan’16 | 2,10,000 | 2,15,000 | 2,83,000 | 70,000 | 2,29,000 | 10,07,000 | 19,56,000 | ||
| Feb’16 | 2,01,000 | 2,17,000 | 2,59,000 | 70,000 | 2,08,000 | 9,55,000 | -5.2% | 18,09,000 | -7.5% |
| Mar’16 | 2,10,000 | 2,46,000 | 2,80,000 | 70,000 | 2,50,000 | 10,56,000 | +10.6% | 13,94,000 | -22.9% |
| Apr’16 | 1,89,000 | 1,82,000 | 2,41,000 | 74,000 | 2,26,000 | 9,12,000 | –13.6% | 18,40,000 | +32% |
| May’16 | 1,90,000 | 2,41,000 | 2,66,000 | 69,000 | 2,33,000 | 9,99,000 | +9.5% | 21,10,000 | +14.7% |
| Total(Apr- May’16)* | 3,79,000 | 4,23,000 | 5,07,000 | 1,43,000 | 4,59,000 | 19,11,000 | 39,50,000 | ||
| Total(Apr- May’15)* | 3,23,000 | 3,93,000 | 5,03,000 | 1,41,000 | 4,01,000 | 17,61,000 | +8.5% | 39,90,000 | -1% |
* Compared to Year-on-Year (Y-o-Y)
Quantity in MT
Source: JPC – Steel Ministry
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