India’s crude steel production grew by 6.2% to 101.4 million tonnes (MT) in 2017 compared to 95.5 MT in the previous year. As per report compiled by World Steel Association, India has overtaken the US to become the world’s third largest steel producer and the country is now looking to bag the second spot from Japan.
China remained the world leader by producing 831.7 MT in 2017, up 5.7% from 786.9 MT in the year-ago period, while Japan, the second largest global steel producer, witnessed a negative growth as steel output declined by 0.1% to 104.7 MT in 2017 from 104.8 MT in 2016.
Global steel production reached 1,691.2 MT for the year 2017, up by 5.3% compared to 2016 when the output was 1,606.3 MT.
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