World Steel Association (worldsteel) in its latest report has said that crude steel output of India fell for the second straight month in November, declining 2.8% to 8.934 million tonne (MT) as compared to output of 9.192 MT during November 2018. In October 2019, India had reported a 3.4% fall in crude steel output at 9.089 MT as against 9.408 MT in the year-ago month.
As per the report, global steel production also registered a 1% fall at 147.791 MT in November 2019 as compared with 149.356 MT in November 2018. However, world's largest steel producer China registered increase in production. The country produced 80.287 MT steel in November, up 4% as compared to 77.213 MT a year ago. Japan's crude steel production fell 10.6% to 7.743 MT as against 8.659 MT in November 2018. The US produced 7.233 MT of crude steel in November 2019, a decrease of 2.2% as compared to 7.399 MT in the same month last year. South Korea's crude steel production stood at 5.895 MT in November, 0.5% lower against 5.923 MT in November 2018.
In the EU, Italy produced 2.0 MT of crude steel in November, while France and Spain produced 1.1 MT each. Brazil produced 2.6 MT crude steel in November, while Turkey and Ukraine produced 2.9 MT and 1.3 MT, respectively, last month. Members of worldsteel represent approximately 85 per cent of the world's steel production, including over 160 steel producers, national and regional steel industry associations, and steel research institutes.