According to the Economic Survey, India’s crude steel production grew 25% year on year to 66.91 million tonne in April-October 2021-22. According to the poll, the country’s output of finished steel increased by 28.9% year on year (y-o-y) to 62.37 MT over the time, while consumption increased by 25% to 57.39 MT. “Despite being damaged by COVID-19, the steel industry has bounced back,” the survey noted, “with cumulative crude and finished steel output in 2021-22 (April-October) at 66.91 MT and 62.37 MT, respectively, up 25.0 percent and 28.9 percent over the same period last year.” With the econ…
