India’s Steel Production Falls, China Still Accounts For Over Half Of Global Output
India's crude steel production fell 3.4 percent to 9.089 million tonnes in October this year, according to World Steel Association.
The country had produced 9.408 million tonnes of crude steel in the year-ago period, the global industry body said in its latest report. Global steel output stood at 151.494 million tonnes in October 2019, down 2.8 percent from 155.833 million tonnes in October 2018.
"While China's crude steel production for October 2019 was 81.521 MT, a decrease of 0.6 percent compared to 82.014 MT in October 2018, India produced 9.098 MT of crude steel in October 2019, down 3.4 percent from 9.408 MT in October 2018," the World Steel Association report stated.
Japan's output fell 4.9 percent to 8.157 million tonnes in the reported month. The U.S. produced 7.407 million tonnes of crude steel in October 2019, a decrease of 2 percent compared to 7.557 million tonnes in October 2018.
In the European Union, the report said, Germany produced 3.3 million tonnes of crude steel in October 2019, Italy produced 2.2 million tonnes of the alloy, France produced 1.2 million tonnes and Spain's output was at 1.2 million tonnes.
While Brazil produced 2.6 million tonnes, Turkey and Ukraine produced 2.7 million tonnes and 1.6 million tonnes, respectively, in October 2019, the report added.
Members of World Steel Association represent approximately 85 percent of the world's steel production, including over 160 steel producers, national and regional steel industry associations, and steel research institutes.