Per capita consumption of steel in India still low compared to world

Per capita consumption of steel in India still low compared to world

Steel production in India, in 2002-03 grew by 9.9 per cent to reach a level of 33.7 million tons as compared to 30.6 million tonnes a year ago.

Domestic demand for steel posted a growth of 4.7 per cent during 2002-03 at 28.6 million tons from 27.3 million tonnes in 2001-02.

During the current year steel production is expected to cross 35 million tons and apparent consumption would exceed 32 million tons.

There has been an impressive growth in finished steel exports from India with exports rising from 2.7 million tons in 2001-02 to 4.5 million tons in 2002-03, say a growth of 66 per cent.

The per capita consumption of steel in India is 27-29 Kg. a way below the world average of 140 Kg. and the Asian average of 100 Kg.

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