The World Steel Association (worldsteel) in its latest report has said that crude steel production of India fell over 4% to 8.478 million tonnes (MT) in August 2020, as compared to 8.869 MT during the same month last year. However, global steel output has started showing a positive trend. World crude steel production for 64 countries reporting to the worldsteel was 156.244 MT in August 2020, registering a rise of 0.6% compared to155.374 MT in August 2019.
As per the data, China registered a 8.4% year-on-year growth in steel output at 94.845 MT during August 2020 as compared to 87.499 MT in August 2019. The US produced 5.588 MT of crude steel in August 2020, registering a fall of 24.4% as compared to 7.396 MT output in August 2019. Japan produced 6.446 MT of crude steel in August 2020, down 20.6% from 8.120 MT a year ago. South Korea’s steel production for the month stood at 5.800 MT, down 1.8% as compared to 5.905 MT in August 2019.
The data also showed that Germany produced 2.830 MT of crude steel in August 2020, down 13.4% from August 2019, while Italy produced 0.939 MT of crude steel in the month, up 9.7% from a year ago. France produced 0.722 MT of crude steel in August 2020, down 31.2% over August 2019. Spain’s steel production for August 2020 stood at 0.696 MT, down 32.5% year-on-year. Brazil produced 2.7 MT of crude steel in August 2020, up by 6.5% from August 2019. Turkey’s crude steel production for August 2020 was at 3.2 MT, up 22.9% from August 2019.
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.
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.
MoneyWorks4Me ensures this through: