Q1 steel intake rises 12% at 14.9 mt but output up just 4%

Steady demand from automobile and consumer durables sectors saw steel consumption rising 12.2 per cent to 14.9 million tonne during the April-June quarter over the same period last fiscal. Consumption was at 13.30 million tonne in the year-ago period, according to the provisional data released by the Steel Ministry. However, domestic production rose only by [...]