COMMODITY
Crude steel output of India rises 1.5% to 9.56 MT in February: worldsteel
Mar-26-2020

World Steel Association (worldsteel) in its latest report has stated that crude steel output of India rose by 1.5% to 9.56 million tonnes (MT) in February 2020, as compared to 9.42 MT steel production in the same month a year ago. Global crude steel production for the 64 countries reporting to the association was 143.29 MT in February 2020, a rise of 5.4%, compared to 154.46 MT in May 2018.

According to the data, global giant China - which was impacted by outbreak of deadly coronavirus - has registered a rise of 5% in its output at 74.77 MT as against 71.23 MT in February 2019. Japan produced 7.916 MT of crude steel in February 2020, up 2.2% from 7.745 MT in February 2019.

The US produced 7.168 MT of crude steel in May 2020, a 3% increase as against 6.956 MT in February 2019. In the EU, Italy produced 2.046 MT of crude steel in February 2020, France produced 1.232 MT of metal. In February, while Brazil’s production was at 2.704 MT, Turkey and Ukraine produced 2.851 MT and 1.709 MT, respectively.

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