your password has been reset successfully, Please login again.

India Is The Second Largest Steel Producer, Reports Worldsteel

Worldsteel association says India is the second largest producer of steel in the world.
BY BEx Bureau
BusinessEx
Jan 28, 2019

World Steel Association (Worldsteel) reported that India has replaced Japan as world's second largest steel producing country, while China is the largest producer of crude steel accounting for more than 51 per cent of production. (Source: ET)

In the latest report, the Global Steel body said that China's crude steel output jumped 6.6 per cent to 928.3 million tonnes (MT) in 2018 from 870.9 MT in 2017. China's share increased from 50.3 per cent in 2017 to 51.3 per cent in 2018. (Source: ET)

It was further said the global steel production has touched 1,808.6 MT in 2018 which is a significant jump from earlier 1,729.8 MT in 2017. The other steel producing countries on the list are:

  • United States (86.7 MT, 4th position)
  • South Korea (72.5 MT, 5th position)
  • Russia (71.7 MT, 6th position)
  • Germany (42.4 MT, 7th position)
  • Turkey (37.3 MT, 8th position)
  • Brazil (34.7 MT, 9th position)
  • Iran (25 MT, 10th position)

World Steel Association, which has created the report, is currently one of the industry associations in the world. The members of the body incorporate eighty-five per cent of the worlds steel production, national and regional steel industry associations, and steel research institutes.



Please add your Comment
SIMILAR News
June 17, 2019
Ascendas Property Fund Trustee manages Ascendas trust and had signed a concord with Nalanda Shelter, ...More
By Jaspreet Kaur
June 14, 2019
Since April 2017, Nikkei, as well as NewsRise, have been collectively rendering English-language new ...More
By Jaspreet Kaur
June 14, 2019
The acquisition of 30 per cent shares would prompt an open offer from Total SA to the public stakeho ...More
By Jaspreet Kaur
June 13, 2019
The Bahrain-based firm, Investcorp is raising money through its real-estate fund, which it had start ...More
By Jaspreet Kaur
June 06, 2019
The global PE firms namely- Bain Capital, Blackstone Group, KKR & Co, CVC Capital Partners and Chrys ...More
By Jaspreet Kaur
June 06, 2019
Fiat Chrysler accuses the French government for scuttling the transaction. ...More
By Jaspreet Kaur
June 05, 2019
The Bengaluru-based platform helps enterprises to do digital signing of the documents and make workf ...More
By Jaspreet Kaur
June 04, 2019
Insurance Regulatory and Development Authority of India (IRDAI) has given approval to this business ...More
By Jaspreet Kaur
June 04, 2019
National Company Law Appellate Tribunal (NCLAT) has approved Maruti Ferrous proposal to procure debt ...More
By Jaspreet Kaur
June 03, 2019
The Indian digital company, Paytm is in discussion to buy the insurance firm, Coverfox for $100-$120 ...More
By Jaspreet Kaur
June 01, 2019
The report also states that in spite of downfall of 96 per cent in M&A deals in April, 2019 as compa ...More
By Jaspreet Kaur
May 30, 2019
Hero FinCorp, the investment arm of Hero MotorCorp, is in discussions to procure Reliance General In ...More
By Jaspreet Kaur