Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

India’s crude steel production in April fell by 69.5pc to 2.75mn mt from a year ago and total finished steel production declined by 84.6pc to 1.34mn mt amid COVID-19 pandemic, according to official data accessed by Davis Index. Major Indian steelmakers are operating at 50pc capacity as demand disruption and lockdown restrictions hampered steel production.


India’s finished steel production and consumption in April 
Finished Steel (mn mt)April 2020April 2019Change (YoY)


For most Indian steelmakers production was down close to 50pc in the month of April.

Crude steel production by Indian steelmakers in April (mt)
ProducersApril 2020April 2019Change (YoY)March 2020Change (MoM)
Total production 2,752,0009,021,000-69.5pc8,038,000-65.7pc


India’s total finished steel exports dipped by 16.9pc to 0.42mn mt in April from the prior year month. Southeast Asian countries like Vietnam and Middle east countries like UAE, Oman, Saudi Arabia were the major importers of Indian finished steel. Other countries like China, Germany, Italy, Denmark and France also expressed interest in Indian finished steel, according to Davis Index sources.


India’s total finished steel imports fell by 34.3pc to 0.40mn mt in April compared to the prior year month. 

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