Despite a 7 per cent hike in its output, India slipped by a step to be the fourth largest steel producer in the world in 2010, according to World Steel Association. India produced 68.3 million tonnes of steel in 2010 as against 63.5 million tonnes in 2009. The US, which produced 80.5 million tonnes as against 58.2 million tonnes in the previous year, overtook India and Russia to emerge as the third largest producer in 2010. China with an output of 626.7 million tonnes (573.6 million tonne in 2009) and Japan with an output of 109 million tonnes (87.5 million tonnes) remained the top two producers of steel in 2010.
According to WSA, the total global steel output stood at 1,413.5 million tonnes, up from 1230.9 million tonnes in 2009. ArcelorMittal, Baosteel, Posco, Nippon Steel and JFE were the world's top five steel producers accounting for 236.7 million tonnes or 17 per cent of the global output during the year.
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