India's steel output rose by 6.8% to 79.5 million tons during January to October, according to the data compiled by World Steel Association (WSA). Growth rate of steel output in the country is the highest among the major steel producing nations in the world including China and Japan.
The global Steel output saw a 0.1% contraction during the first 10 months of the current year and reached 1,333 MT during the period from 1,334 MT in the corresponding period a year earlier.
China produced 673 MT Steel, while a decline was seen in Japan, the US and Russia by 0.4%, 1.6% and 1.4% respectively. Most of the major Steel producing nations recorded positive growth in October though, leading to a 3.3% overall growth in global output at 136.5 MT in October.