The World Steel Association (worldsteel) in its latest report has showed that India's crude steel production rose by nearly 18 per cent to 118 million tonne (MT) in 2021, while world leader China recorded a 3 per cent decline to 1032.8 MT.
According to the report, India, which is the second largest steel producing nation, had manufactured 100.3 MT steel in 2020 and China had produced 1064.7 MT of steel in the same year. The global industry body further said that total world crude steel production was 1,950.5 MT in 2021, a 3.7 per cent increase compared to 1880.4 MT in 2020.
The report also noted that in 2021, Japan produced 96.3 MT steel as against 83.2 MT in 2020. The United States' output was at 86 MT compared to 72.7MT a year ago. While Russia produced 76 MT steel, South Korea produced 70.6 MT, Turkey 40.4 MT, Germany 40.1 MT, Brazil 36 MT and Iran produced 28.5 MT steel in 2021.
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