By IANS
New Delhi : With a production of 49.5 million tonnes in 2006, India is the world’s fifth largest crude steel producer to move up two notches in global ranking, according to an Indian government estimate.
India produced 49.45 million tonnes of crude steel in 2006 as against 44 million tonnes, according to an expert committee set up by the steel ministry. The revised figure for crude steel production in 2006-07 is pegged at 50.71 million tonnes and that of finished steel at 51.90 million tonnes.
Earlier India has ranked seventh among global steel producers.
“India has moved up two places in global ranking to fifth place in production of crude steel. An expert committee set up by the ministry of steel, which went into the issue of under reporting of capacity and production data, has revised the production figures for crude steel in calendar year 2006 to 49.45 million tonnes as against 44 million tonnes in the pre-revised data,” the ministry said in a release.
The committee, formed by the ministry in December 2006, consists of members from the industry and academicians.