Metal Output Grows 5% To 10.34 Million Tonne In November: Report

New Delhi:

India’s crude metal output rose by about 5 per cent to 10.34 million tonne (MT) in November 2022, in accordance with SteelMint India.

As per the analysis agency, the highest six metal makers — SAIL, Tata Metal, JSW Metal, JSPL, AMNS India and RINL — produced 6.28 MT metal and the remainder 4.06 MT got here from the secondary sector.

The nation had produced 9.88 MT of metal throughout the identical month of 2021, the SteelMint knowledge confirmed.

In November 2021, massive producers collectively manufactured 6.09 MT metal, whereas the secondary trade produced 3.79 MT, it added.

The manufacturing of completed metal rose 3.41 per cent to 9.55 MT from 9.23 MT in November final 12 months.

The consumption of the alloy surged 13.42 per cent to 9.66 MT in November in opposition to 8.52 MT a 12 months in the past.

In accordance with SteelMint, the imports of completed metal throughout the month virtually doubled to 0.60 MT from 0.31 MT, whereas its exports fell 53 per cent to 0.34 MT in opposition to 0.72 MT within the year-ago interval. 

(Aside from the headline, this story has not been edited by NDTV employees and is printed from a syndicated feed.)