India’s crude steel production grew by 2.5% and stood at 9.02 million tonne (MT) in January 2018 compared to 8.81 MT in the year-ago month. As per report compiled by World Steel Association, the world leader China saw a marginal fall of 0.9% in crude steel production in January this year at 67 MT. It had produced 67.58 MT during the same month last year.
Global crude steel production of the 64 countries reporting to the World Steel Association (Worldsteel) was 139.43 MT in January 2018, a growth of 0.8% year-on-year.
Further, India, which overtook the US to become the world’s third largest steel producer, is now looking to bag the second spot from Japan.
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