India’s steel output falls by 1.5% in January 2016: Steel Ministry
Q. In what marks the first decline since September 2015, India’s steel output fell by what percentage in January according to Ministry of Steel?- Published on 24 Feb 16a. 1.5%
b. 0.5%
c. 2.5%
d. 3.5%
ANSWER: 1.5%
India’s steel output fell by 1.5% in January marking the first decline since September 2015 as steel production in the world’s third largest producer fell to 7.4 million tonnes. This marks the first fall since September 2015 when crude steel production in the nation declined to 7.3MT as against September 2014. Latest data released by the Joint Planning Committee under the Ministry of Steel, overall crude production fell on account of decrease of 1.7% in case of other producers, while output fell by 1.4% with respect to Integrated Steel Plant producers. Compared to December 2015, the output went up by 1.5%, led by increase of 3.5% in case of ISP producers. According to World Steel Association (WSA), India's crude steel production was 7.4 MT, a decrease of 1.2 percent compared to January 2015. Internationally, total production in the 66 countries, reporting to the WSA, stood at 128 MT last month, a 7.1 percent decrease compared to January 2015, according to the association.
