World Steel Association (worldsteel) in its latest report showed that India has reported crude steel production of about 8.77 million tonne (MT) in October, an increase of 0.4% compared to same period previous year’s 8.73 MT. According to the association’s report, world crude steel production has attained about 156.6 MT in October 2018, a rise of 5.8% with that of same month last year.
On global front, USA claimed production of 7.6 MT crude steel in October 2018, an increase of 10.5%, China’s crude steel production for October 2018 was 82.6 MT, up 9.1%, South Korea produced 6.2MT, up 3.5% and Italy’s crude steel production for October 2018 was 2.3 MT, up 1.1% on last year's figures.
While, Spain produced 1.3 MT in October 2018, dipped by 7.4% on 2017, Crude steel production in Ukraine was 1.8 MT this month, down 6.7% on October 2017. Japan produced 8.6 MT of crude steel, contracted 4.5% on October 2017 figures, in Turkey, crude steel production for October 2018 was 3.2 MT, a decrease of 4.3%, and France marked production of 1.3 MT of crude steel in October 2018, a decrease of 3.5%.