India’s crude steel output grows 7.6pc

1 March, 2021 12:00 AM printer

NEW DELHI: India registered a growth of 7.6 per cent in crude steel production at 10 million tonne (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, report agencies.

“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 per cent 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.

South Korea’s steel production in the month was at 6 MT, as compared to 5.8 MT in the year-ago period.