MUMBAi (Scrap Register): India’s crude steel production declined by 65 percent to 3.13 million tonnes in April 2020, as per a report released by the World Steel Association on May 24, 2020.
In comparison, the report stated that India had produced 9.02 million tonnes of steel in April 2019.
India’s steel output in March 2020 declined by 14 percent in comparison to March 2019. This decline comes amid the nationwide lockdown imposed on March 25, 2020 to contain the spread of COVID-19 pandemic in India.
The complete lockdown brought a halt to all economic activities, besides essential services, which impacted the production, demand and supply of steel in India.
