January 28, 2020, According to World Steel Association (WSA),the international trade body for the iron and steel industry , India’s crude steel production increased to 111.2 million tonne (MT) in 2019, showing a 1.8 % hike over 2018 (109.3 MT).
India ranked 2nd in top 10 steel-producing countries as Asian steel producers leads as key drivers behind a 3.4 % surge in global crude steel output to 1 1,869.9 MT in 2019.[su_table]
|Top 3 steel-producing countries|
|Rank||Country||2019 (Mt)||2018 (Mt)||% Increase/ Decrease|
i.China ranked 1st as the largest steel producer in 2019 at 996.3 MT, up by 8.3 % on 2018. Hence, China’s share of global crude steel production increased from 50.9% in 2018 to 53.% in 2019. China was followed by India (2nd ), Japan (3rd), which produced 99.3 MT in 2019, a decrement of 4.8 % as against 2018.
ii.Except Asia and the Middle East nations, all other regions during the calendar year 2019 witnessed a contraction in steel output. Asia’s output in 2019 is 1,341.6 MT of crude steel, an increase of 5.7 % as against 2018.While the Middle east produced 45.3 Mt of crude steel in 2019, an increase of 19.2% compared to 2018.
iii.Within Asia, India & China were the 2 nations which recorded improvement in steel production in 2019.
About World Steel Association (WSA):
Formation– 10 July 1967
Headquarters– Brussels, Belgium
Chairman– YU Yong