Steel consumption in India grew just 0.2% in the four months of the current financial year April-July 2013 to 24.1Mt when compared with the same period 2012.

Subdued consumption by the automotive and construction sector as a result of the economic turn-down was the cause of lack-lustre demand.

Steel production, however, increased 3.1% in the period to 26.1Mt compared with the same period 2012-13.