SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

India's crude steel output falls 3% to 8.5 MT in September: Worldsteel

27 Oct 2020 Evaluate

The World Steel Association (worldsteel) in its latest report has stated that India's crude steel production fell by 2.9 percent to 8.520 million tonnes (MT) in September 2020. The country had produced 8.772 MT of crude steel during the same month last year. However, global steel output has shown a positive trend. Crude steel production for the 64 countries reporting to worldsteel was 156.359 MT in September 2020, a 2.9 percent increase compared to 151.885 MT in September 2019. The body added that due to the ongoing difficulties presented by the COVID-19 pandemic, many of this month's figures are estimates that may be revised with next month's production update.

According to the worldsteel data, China registered a 10.09 percent year-on-year growth in steel output at 92.555 MT during September 2020, as compared to 83.447 MT in September 2019. The US produced 5.709 MT of crude steel in September 2020, down 18.5 percent as compared to 7.004 MT output in September 2019. Japan produced 6.486 MT of crude steel in September 2020, down 19.3 percent from 8.039 MT a year ago. South Korea's steel production for the month under review stood at 5.831 MT, up 2.1 percent as compared to 5.711 MT in September 2019.

Germany produced 3.018 MT of crude steel in September 2020, down 9.7 percent from September 2019, while Italy produced 1.794 MT of crude steel in the month, down 18.7 percent from a year ago. France produced 0.963 MT of crude steel in September 2020, down 20.1 percent over September 2019. Spain's steel production for September 2020 stood at 0.936 MT, down 20.7 percent year-on-year. Brazil produced 2.574 MT of crude steel in September 2020, up by 7.5 percent from September 2019. Turkey's crude steel production for September 2020 was at 3.225 MT, up 18 percent from September 2019.

About MoneyWorks4Me

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.

Our Vision

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.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×