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Oct 29, 2019

India's Steel Production Increased By 3.5% In 1-9 Months

    According to the data compiled by the world iron and Steel Association, from January to September 2019, India's crude steel production increased by 3.5% to 84.18 million tons, compared with 81.31 million tons in the same period last year, the international iron and Steel Association. India's crude steel production in September was 9.96 million tons, up 1.6% from the same month in 2018, the Brussels based World Steel said in a press release emailed to toi on Friday.

    "In the first nine months of 2019, the world crude steel production was 1.391.2 billion tons, an increase of 3.9% compared with the same period of 2018. Asia produced 1000.1 million tons of crude steel, an increase of 6.3% over the first nine months of 2018. "

    The report added: "by September 2019, the world crude steel production of 64 countries reported to the world iron and Steel Association was 151.5 million tons, down 0.3% from September 2018."

    According to the press release, China's crude steel production in September 2019 was 82.8 million tons, an increase of 2.2% over September 2018. Japan produced 8 million tons of crude steel in September 2019, down 4.5% from September 2018. South Korea's crude steel production in September 2019 was 5.7 million tons, down 2.7% from September 2018.

    The world iron and Steel Association is one of the largest and most dynamic industry associations in the world, with its members all over the major iron and steel producing countries. It represents steel producers, national and regional steel industry associations and steel research institutions. Members account for about 85% of global steel production, the press release said.

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