New Delhi: In May, India’s crude steel output grows 46.9 percent to 9.2 million tones as per official record.
India had produced 5.8 MT steel in the same month a year ago. “The production of the 64 countries reporting to the World Steel Association ( worldsteel) was 174.4 MT in May 2021, a 16.5 per cent increase compared to May 2020, “ the global industry body said in its latest report.
China remained the global leader in the production of steel in May, registering 6.6 percent a year-on-on-year growth in output at 99.5 MT during the month. According to the worldsteel data, China had produced 92.3 MT of steel in the same month last year. Last month, Japan’s output increased to 8.4 MT from 5.9 MT in May 2020. The US produced 7.2 MT steel in the month under review. Its output was at 4.8MT in May 2020.
In the last month, Japan’s output increased to 8.4 MT from 5.9 MT in May 2020. The US produced 7.2MT steel in the month under review. Its output was at 4.8MT in May 2020. While last month’s output of Russia was at 6.6 MT, South Korea produced 6 MT, Germany 3.5 MT, and Iran 2.6 MT. In May 2021, Turkey and Brazil both produced 3.2 MT of each crude steel. 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 represent around 85 percent of the global steel production