Domestic steel production rose by 6.5% in March to 6.86 million tonnes (mt), the country had produced 6.44 mt steel in March 2012. India, world's fourth largest steel producer has witnessed the fastest growth in domestic steel production.
Meanwhile, global steel production rose by 1% in March to 134.88 mt from 133.49 mt a year earlier. China contributed nearly half of the global production at 66.29 mt in March, reporting 6.6 % growth over March 2012. Global steel production has increased by 2.3% to 388.696 mt from 380.058 mt in January-March period of the current year.
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