Maharashtra clears 937 hectares for Gadchiroli steel expansion Steel stock surges 29% in just two days Steel output rises 14% to 9.25 MT Infrastructure boom fuels India’s steel consumption
Steel Authority of India Limited, an Indian state-run steel producer declared on April 16 that its Bhilai Steel Plant (BSP) produced 5.67 million metric tonnes of crude steel in the fiscal year 2023–2024, surpassing its previous peak output of 5.33 million metric tonnes in the fiscal year 2010–2011.
According to the company, BSP also achieved its highest-ever finished steel production of 4.57 million MT, surpassing its previous best of 4.43 million MT, also in 2010-11.
In the area of long rail production, Universal Rail Mill recorded its best-ever production of 853,000 MT of prime rails as against the previous best of 790,000 MT in the fiscal year 2022-23.
The Modex unit Bar and Rod Mill (BRM) exceeded its annual rated capacity of 900,000 MT recording its highest-ever output of 975,000 MT in the fiscal year 2023-24, surpassing its previous best of 840,000 MT achieved in 2022-23.
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