Decline In Steel, Cement Production See Drop In Output For 8 Core Sectors

Decline In Steel, Cement Production See Drop In Output For 8 Core Sectors
Decline In Steel, Cement Production See Drop In Output For 8 Core Sectors
PTI - 31 August 2020

New Delhi, Aug 31: Contracting for the fifth consecutive month, the output of eight core infrastructure sectors dropped by 9.6 per cent in July due to decline mostly in production of steel, refinery products and cement.

The production of eight core sectors had expanded by 2.6 per cent in July 2019, data released by the Commerce and Industry Ministry on Monday showed.

Barring fertiliser, all seven sectors -- coal, crude oil, natural gas, refinery products, steel, cement and electricity -- recorded negative growth in July.

The output of steel, refinery products, cement, natural gas, coal, crude oil and electricity declined by 16.5 per cent, 13.9 per cent, 13.5 per cent, 10.2 per cent, 5.7 per cent, 4.9 per cent and 2.3 per cent, respectively.

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