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Crude steel output of India declines 14% to 8.65 MT in March: World Steel Association

24 Apr 2020 Evaluate

The World Steel Association in its latest report has said that India’s crude steel output declined 14% to 8.65 million tonne (MT) during March 2020, as compared to 10.04 MT during the same month a year ago. The country has been observing a nationwide lockdown since March 25, which has impacted production, demand and supplies of steel in the country.

In March 2020, the global steel output was also down by 6% to 147.05 MT as compared with 156.51 MT in March 2019. It said due to the ongoing difficulties presented by the COVID-19 pandemic, many of this month's (March) figures are estimates from national and regional associations, which may be revised with the next month's production update.

As per the report, global steel giant China also, for the first time in many months, has reported a fall in its output. The country, which has a sizeable share in global output, produced 78.97 MT steel in March, down 1.7% as compared with 80.34 MT in the corresponding month of 2019. In March, the United States produced 7.22 MT of crude steel.

Japan estimates 8.20 MT of crude steel production in March 2020, down 9.7% from 9.08 MT in March 2019. South Korea produced 5.77 MT crude steel, down 7.9% from 6.27 MT in March 2019. In the EU, worldsteel said Germany estimated 2.9 MT of crude steel production in March 2020, down 20.9% in March 2019. Italy produced 1.4 MT of crude steel in March 2020, down by 40.2% on March 2019.

France estimates 1.2 MT of crude steel production in March 2020, a 13.2% decrease compared to March 2019. Spain produced 1.2 MT of crude steel in March 2020, down 14% on March 2019. Russia estimates 5.9 MT of crude steel production in March 2020. Ukraine produced 1.8 MT of crude steel, Brazil produced 2.6 MT, Turkey''s crude steel production for March 2020 was 3.1 MT.

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