India’s bar and rod production by primary steel producers has crossed 10 MnT during Apr’15- Feb’16.
As per Steel Ministry’s monthly report, India’s total bar and rod production during Apr’15-Feb’16 stood at about 30.8 MnT compared to 29.2 MnT for the same period last year. There was an increment of 5% in production.
Out of this, production of intergrated steel producers like SAIL, RINL, Tata Steel, JSW Steel and JSPL reported a growth of 15% to 10.2 MnT and mini & others steel producers of just 1% to 20.6 MnT in the same period.
In Feb’16 alone, production of bar and rod by primary steel producers has increased by around 12%. However, secondary producers have decreased their production by around 7.5% in the same month.
Domestic rebar and wire rod prices have increased by INR 3,000-4,000/MT post MIP implementation.
Industry leaders believe that consumption of steel is likely to increase in the current year as the government is eyeing on infrastructure projects.
India’s bar and rod production during Apr’15-Feb’16
| Month | SAIL | RINL | TSL | JSPL | JSWL | Total ISP | M-o-M | Mini & other producers | M-o-M | Total Production |
| Apr’15 | 1,45,000 | 1,93,000 | 2,38,000 | 71,000 | 1,86,000 | 8,33,000 | 17,63,000 | 25,96,000 | ||
| May’15 | 1,79,000 | 2,00,000 | 2,65,000 | 70,000 | 2,15,000 | 9,29,000 | +11.5% | 22,26,000 | +26.3% | 31,55,000 |
| Jun’15 | 1,77,000 | 1,90,000 | 2,53,000 | 70,000 | 1,99,000 | 8,89,000 | -4.30% | 20,00,000 | -10.2% | 28,89,000 |
| Jul’15 | 1,77,000 | 1,97,000 | 2,42,000 | 70,000 | 1,92,000 | 8,78,000 | -1.2% | 17,63,000 | -11.9% | 26,41,000 |
| Aug’15 | 1,55,000 | 2,06,000 | 2,56,000 | 70,000 | 1,59,000 | 8,46,000 | -3.6% | 17,80,000 | 1.% | 26,26,000 |
| Sept’15 | 1,60,000 | 2,01,000 | 2,44,000 | 70,000 | 1,73,000 | 8,48,000 | +0.2% | 18,21,000 | +2.3% | 26,69,000 |
| Oct’15 | 3,55,000 | 2,14,000 | 2,73,000 | 70,000 | 1,78,000 | 10,90,000 | +28.5% | 19,84,000 | +9% | 30,74,000 |
| Nov’15 | 1,37,000 | 2,33,000 | 2,49,000 | 70,000 | 1,98,000 | 8,87,000 | -18.6% | 17,56,000 | -11.50% | 26,43,000 |
| Dec’15 | 44,000 | 2,46,000 | 2,55,000 | 70,000 | 1,77,000 | 7,92,000 | -10.7% | 18,26,000 | +4% | 26,18,000 |
| Jan’16 | 2,10,000 | 2,15,000 | 2,83,000 | 70,000 | 2,29,000 | 10,07,000 | +27.1% | 19,56,000 | +7.1% | 29,63,000 |
| Feb’16 | 2,01,000 | 2,17,000 | 2,59,000 | 2,45,000 | 2,08,000 | 11,30,000 | +12.2% | 18,09,000 | -7.5% | 29,39,000 |
| Total(Apr- Feb’16)* | 19,40,000 | 23,12,000 | 28,17,000 | 9,46,000 | 21,14,000 | 1,01,29,000 | +15.4% | 2,06,84,000 | +0.9% | 3,08,13,000 |
| Total(Apr- Feb’15)* | 15,88,000 | 21,46,000 | 26,04,000 | 7,76,000 | 16,66,000 | 87,80,000 | 2,05,08,000 | 2,92,88,000 |
* Compared to Year-on-Year (Y-o-Y)
Quantity in MT
Source: JPC – Steel Ministry, SteelMint
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