India’s crude steel output grows 7.6 per cent to 10M tons in January: Report
Vietnam's steel exports to the US reached US$378.31 million in the first seven months of 2019. (Photo: DDDN). Sketched by the Pan Pacific Agency.
NEW DELHI, Feb 28, 2021, Mint. India registered a growth of 7.6% in crude steel production at 10 million tons (MT) in January 2021, according to World Steel Association (worldsteel). The country had produced 9.3 MT crude steel during the same month last year, Mint reported.
“The production for the 64 countries reporting to the worldsteel was 162.9 MT in January 2021, registering a 4.8 per cent increase compared to January 2020,” the global industry body said in its latest report. China remained the global leader in production of steel in January, registering 6.8 per cent year-on-year growth in output at 90.2 MT during the month.
According to worldsteel data, China had produced 84.3 MT steel in the same month last year. Last month, Japan’s output slipped 3.9% to 7.9 MT year-on-year.
The US produced 6.9 MT steel in the month under review. Its output was at 7.7 MT in January 2020. Russia’s output last month was at 6.7 MT compared to 6 MT in January 2020.
With members in every major steel-producing country, Brussels-based worldsteel represents steel producers, national and regional steel industry associations, and steel research institutes. Its members reportedly represent around 85% of the global steel production.
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