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Crude steel output of India dips by 3.2% to 9.28 MT in January: worldsteel

02 Mar 2020 Evaluate

World Steel Association (worldsteel) in its latest report has stated that crude steel output of India has dipped by 3.26% to 9.288 million tonnes (MT) in January 2020 as compared to same month last year's 9.591 MT. Meanwhile, the overall crude steel production from 64 countries reporting to the association was at 154.4 MT in January 2020, up by 2.1 % as against January 2019.

China, the world's largest steel producing country, reported a rise in crude steel production in month of January 2020 by 7.2% at 84.3 MT as against last year same month. However, Japan has reported fall in its crude steel output during the period under consideration, by about 1.3% compared to last year same period. South Korea's crude steel production was 5.8 MT in January 2020, a decrease of 8% from the corresponding period last year.

worldsteel represents steel producers, national and regional steel industry associations, and steel research institutes. As many as 64 major steel producing countries report data to the body which represents around 85% of global steel production.

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