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).
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