India's crude steel output grew by 10.7% during Jan-Mar 2017
The Dollar Business Bureau The World Steel Association (WSA) released a report with statistics of crude steel production across the globe. India is reported to have grown its crude steel production by 10.7%, to 25.76 million tonnes (mt) in the first quarter of 2017 from 23.26 mt in the same period during 2016. Specifically for the month of March, India's crude steel production of 9 mt showed a 8.2% year on year growth from 8.31 mt of production in March 2016. The month-on-month growth is pegged at 11.11%, with respect to February 2017 output of 8.1 mt. India outshined the top two economies of Asia, China and Japan, in terms of growth in crude steel output for this quarter. In terms of quantity, India lags far behind China which produced 71.99 mt of crude steel during March 2017. But the country managed to surpass ...
India outpaces world in steel production during Jan-April 2015
The Dollar Business Bureau India's steel production grew by an impressive 6.7% in the first four months of 2015, the highest among major global producers, the World Steel Association (WSA) has said. According to WSA, India, now the world’s third largest producer, produced 29.97 Million tonne (Mt) steel during the January-April period of the current year compared to 28.09 Mt in the same period a year ago, outpacing the world’s average growth of 1.7%. India’s steel production grew vis-à-vis a decline of 1.3% in China, the highest producer by a wide margin and 1.7 %, globally, said the WSA. According to the report by WSA, the global production of steel has come down to 536 Mt during January-April period ...
Declining exports and domestic value addition in it require immediate attention: FIEO President
The Dollar Business Bureau “The changing paradigms of trade and emergence of global production chains have important implications for India in particular and as a result increasing use of imported inputs has generally caused a decline in the domestic value added share of total exports,” said FIEO President Mr Rafeeque Ahmed. Reacting to the Economic Survey 2015-2016, Rafeeque stated that the share of domestic value added exports in total exports has witnessed a decline from 86.9 per cent in 1998-99 to 84.1 per cent in 2003-04 and further to 78.5 per cent in 2007-08. However, the foreign value added share in exports increased. He said that the domestic producers may be encouraged to supply to exporters for higher ...
