India becomes third largest producer of crude steel

Highlights:

  • According to recent report published by World Steel Association (WSA), India has overtaken US to become the world’s third largest steel producer in 2017.
  • India’s crude steel production has grown by 6.2% to 101.4 million tonnes (MT) in 2017 compared to 95.5 MT in the previous year.
  • China has remained world leader by producing 831.7 MT in 2017, up 5.7% from 786.9 MT in the year-ago period.
  • Japan is second largest global steel producer and had witnessed negative growth in steel output declined by 0.1% to 104.7 MT in 2017 from 104.8 MT in 2016.
  • The Global steel production had reached 1,691.2 MT in 2017, up by 5.3% compared to 2016 when output was 1,606.3 MT.
  • Crude steel production increased in all regions in 2017 except in CIS (Commonwealth of Independent States), which has remained stable.
  • WSA is a non-profit organisation and is one of the largest industry associations in world.