Finish long (Bar & rods and Structures) steel production in India has come down by 4% M-o-M in Sep’18, as per recent data released by Joint Plant Committee (JPC).
India’s finish long (Bar & rods and Structures) steel production by both large and medium/small scale producers stood at 3.8 MnT in Sep’18 as against 3.98 MnT during Aug’18. Hence, the production has lessened by 4.52% M-o-M.
On the contrary Y-o-Y, Sep’18 figures slightly improved by around 1% as compared to 3.78 MnT in Sep’17.
On monthly comparison in Sep’18, Finish long production by the large scale makers i:e; SAIL registered around 0.32 MnT (-11.12%) followed by RINL 0.34 MnT (0%), Tata Steel 0.26 MnT (-3.7%), JSW 0.23 MnT (-11.53%) and JSPL 0.14 MnT (+27.27%).
Further, the major contribution registered by medium scale producers at 2.51 MnT, shrunk by 4.92% against 2.64 MnT in Aug’18.
It seems that limited domestic & export inquiries among the manufacturers led to measured production of long steels amid high inventory levels in specified regions.
Updates
— During Sep’18, Finish Long steel imports have been rise by 49.43% and registered at 46,456 MT against 31,087 MT in Aug’18.
— On 18 Oct’18, Indian government officially notified imposition of anti-dumping duty on imports of alloy bars and rods from China for the period of five years. The duty ranges from USD 44.89 to USD 185.51 per tonne varying for different producers and exporters.
— India’s finish long steel (Bar & rods and Structures) exports increased in Jul’18 and stood at 82,909 MT as against 53,091 MT in Jun’18. Further during Jan-Jul’18 the total long steel exports recorded at 571,352 MT.
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