Indian Crude Steel production climbed by 2 percent notching 8.520 Million Tonnes (MT) in September 2018, with respect to last year's 8.345 MT during the same month last year, as per the reports of global steel body, Worldsteel. During the period of January-September 2018, India's steel output was 6.1 percent higher at 79.660 MT, as against 75.048 MT during the corresponding period of 2017.
On the global front, Japan had reported a 2.4 percent contraction in output at 8.418 MT in September 2018, compared to 8.626 MT during the same month last year. While, China produced 80.845 MT of crude steel as against 75.199 MT, a rise of 7.5 percent comparing to same month last year. China had maintained its position as the world leader in crude steel production during the last month and in the January-September period of 2018.
As per the report, US produced 7.3 MT of crude steel in September 2018, rose by 9 percent compared to the same month last year. EU produced 128.0 MT of crude steel in the first nine months of 2018, up by 1.3 percent compared to the same period in 2017. In EU France produced 1.3 MT of crude steel in September 2018, Italy 2.2 MT, Spain 1.3 MT. While, Turkey's crude steel production for September 2018 was 2.8 MT, a decrease of 5.9 percent compared to September 2017.
Worldsteel marked global crude steel production for the 64 countries, of about 151.7 MT in September 2018, registering a 4.4 increase. The Worldsteel is one of the largest and most dynamic industry associations in the world.