Indias steel production grew 3.5% to 8.36 MT in July
The Dollar Business Bureau The crude steel production in India increased by 3.5% to 8.36 million tonnes in July this year, compared to the 8.08 million tonnes output in the same month last year, according to the latest data by international trade body World Steel Association. Domestic output during the period January-July 2017 grew 5.4% to 58.01 million tonnes compared to 55.07 million tonnes in the corresponding period last year, the data showed. Global steel output for the 67 nations reporting to World Steel Association was 143.24 million tonnes in the month of July this year, witnessing a growth of 6.3% over the same month last year. In July 2016, global steel production stood at 134.798 million tonnes. During the first seven months of ...
India's crude steel output grew by 10.7% during Jan-Mar 2017
The Dollar Business Bureau The World Steel Association (WSA) released a report with statistics of crude steel production across the globe. India is reported to have grown its crude steel production by 10.7%, to 25.76 million tonnes (mt) in the first quarter of 2017 from 23.26 mt in the same period during 2016. Specifically for the month of March, India's crude steel production of 9 mt showed a 8.2% year on year growth from 8.31 mt of production in March 2016. The month-on-month growth is pegged at 11.11%, with respect to February 2017 output of 8.1 mt. India outshined the top two economies of Asia, China and Japan, in terms of growth in crude steel output for this quarter. In terms of quantity, India lags far behind China which produced 71.99 mt of crude steel during March 2017. But the country managed to surpass ...
Indias steel output rises 6% in first nine months of this year
The Dollar Business Bureau Steel production in India rose by around 6% to 71.09 million tonnes during the period January-September this year, even as the world output contracted by 0.5% to around 1.19 billion tonne. Asia was the only region where output of steel witnessed an upward trend, as per the recent data by World Steel Association. “In the first nine months of 2016, Asia produced 825.9 million tonnes of crude steel, an increase of 0.6% over the first three quarters of 2015,” World Steel Association said in a statement. The European Union (EU) has recorded a production of 121.3 million tonnes of crude steel during the first nine months of this year, a decline of 4.8% year-on-year, whereas North America produces 83.9 million tonnes of the ...
India outpaces world in steel production during Jan-April 2015
The Dollar Business Bureau India's steel production grew by an impressive 6.7% in the first four months of 2015, the highest among major global producers, the World Steel Association (WSA) has said. According to WSA, India, now the world’s third largest producer, produced 29.97 Million tonne (Mt) steel during the January-April period of the current year compared to 28.09 Mt in the same period a year ago, outpacing the world’s average growth of 1.7%. India’s steel production grew vis-à-vis a decline of 1.3% in China, the highest producer by a wide margin and 1.7 %, globally, said the WSA. According to the report by WSA, the global production of steel has come down to 536 Mt during January-April period ...
