India’s crude steel production grew 3.5% and stood at 8.36 million tonnes (MT) in July this year. The steel output stood at 8.08 MT in the same month last year. As per the latest report by World Steel Association, the domestic production in the January-July period of 2017 increased by 5.4% and stood at 58.01 MT over 55.07 MT in the same period of 2016.
India has overtaken the US to become the world’s third largest steel producer and the country is now looking to replace Japan from the second spot.
Global steel production for the 67 countries reporting to World Steel Association (worldsteel) was 143.24 MT in July this year, registering an increase of 6.3% over 134.798 MT in July 2016.
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: