SMM7: India's steel ministry said the latest figures released by the ministry showed that the country's crude steel production was 6.8 million tons in June, an increase of 17.7 percent compared with the same period last year, but still down 27.2 percent from the same period last year.
With regard to steel production, production has continued to increase after the decline in production in April this fiscal year. The output of finished steel in June 2020 was 5.9 million tons, an increase of 15.6 per cent from 510 tons in May. However, the output of finished steel decreased by 33.3% compared with the same period last year.
It noted that economic activity in the country began to show signs of improvement in May after reaching its lowest point in April 2020 due to the spread of the COVID-19 pandemic and nationwide blockade measures.
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