SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

India surpasses Japan to become world's second largest steel producer: worldsteel

29 Jan 2019 Evaluate

World Steel Association (worldsteel) in its latest report has showed that India surpassed Japan to become world's second largest steel producing country. As per the data, India's crude steel production in 2018 was at 106.5 million tonnes (MT), up by 4.9% from 101.5 MT in 2017. Japan produced 104.3 MT in 2018, down 0.3% compared to 2017.

The report noted that China is the largest producer of crude steel accounting for more than 51% of production. China's crude steel output jumped 6.6% to 928.3 MT in 2018 from 870.9 MT in 2017. China's share increased from 50.3 per cent in 2017 to 51.3 per cent in 2018. Besides, global crude steel production reached 1,808.6 MT for the year 2018 from 1,729.8 MT in 2017, a rise of 4.6%.

Worldsteel noted that others in the top 10 steel producing countries include the United States, at the 4th position as the country produced 86.7 MT of crude steel in 2018, South Korea (72.5 MT, 5th place), Russia (71.7 MT, 6th), Germany (42.4 MT, 7th), Turkey (37.3 MT, 8th), Brazil (34.7 MT, 9th) and Iran (25 MT, 10th). Among other countries, Italy produced 24.5 MT of crude steel in 2018, France (15.4 MT) and Spain (14.3 MT), Ukraine (21.1 MT).

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×