The global industry body, the World Steel Association (worldsteel) in its latest report has stated that crude steel output of India rose 3.7% to 8.8 million tonnes (MT) in August 2018. The country had produced 8.5 MT during the same month last year. Besides, global crude steel production was at 151.7 MT in August 2018, a rise of 2.6% compared to August 2017.
According to the report, China's steel production for August stood at 80.3 MT, an increase of 2.7% as compared to 78.2 in the same month of 2017. Japan's output grew marginally by 0.9% to 8.8 MT in the month. US produced 7.5 MT of crude steel in August 2018, an increase of 5.1% in comparison to the same month of 2017.
Moreover, Spain and Italy produced 1.2 MT of crude steel in August. France's crude steel production was 0.9 MT in the reported month. While Turkey's output fell 5.7 per cent to 3 MT, South Korea's crude steel output remained unchanged at 6.1 MT in August 2018.