Current Affairs PDF Sales

India’s crude steel output slips 65.2% to 3.13 MT in Apr: Worldsteel April 2020 report

AffairsCloud YouTube Channel - Click Here

India's crude steel output declines new

In accordance with the World Steel Association (worldsteel) monthly crude steel report for April 2020, India’s crude steel output declined by 65.2% to 3.137 million tonnes (MT) during April, 2020 in comparison to the 9.021 MT of crude steel production in April 2019. The key reason behind this decrease is the nationwide lockdown imposed on March 25, 2020 to contain the COVID-19 spread.

  • The report included 64 steel production nations reporting to the worldsteel.
  • India had posted a 14% decline in steel output at 8.65 MT in March, 2020 as compared with 10.04 MT in March 2019.
  • On the global front, steel output also declined by 13% to 137.09 MT as compared with 157.67 MT in April 2019.

Decline in other countries:

  • China reported a 1.7% fall in its output in March, 2020 at 78.97 MT.
  • The United States (US) produced 4.96 MT of crude steel in April, 32% lower than 7.35 MT in April 2019.
  • Japan registered a 23% fall in crude steel production at 6.61 MT in April 2020 as against 8.64 MT in April 2019.
  • South Korea produced 5.50 MT crude steel, down 8.4% from 6 MT in April 2019.
  • In the EU, Germany estimated 3 MT of crude steel production in April 2020, down 10.7% from April 2019. Italy’s production was down by 30.7% at 1.35 MT.
  • France estimated 0.80 MT of crude steel production in April 2020, a 37.9% decrease compared to April 2019, while Spain produced 0.67 MT of crude steel in April 2020, down 48% from April 2019.
  • Russia estimated 4.70 MT of crude steel production in April 2020, Ukraine produced 1.33 MT, while Brazil produced 1.81 MT.
  • Turkey’s crude steel production for April 2020 was 2.24 MT.

About World Steel Association:
Headquarters– Brussels, Belgium
Director General– Dr Edwin Basson

Click Here for Official Link