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India’s crude steel production down in Oct.

India’s crude steel output fell 3.4 per cent to 9.089 million tonnes (mt) during October this year. The country had produced 9.408 mt of crude steel during the same month a year ago, said the latest report from World Steel Association which represents approximately 85 per cent of the world’s steel production, including over 160 steel producers, and national and regional steel industry associations, as per a report.

Global steel output stood at 151.494 mt in October 2019, 2.8 per cent down compared to 155.833 mt in October 2018. Similarly, China’s crude steel production for October 2019 was 81.521 mt, a decrease of 0.6 per cent compared to 82.014 mt in October 2018. Japan’s output fell 4.9 per cent to 8.157 mt in the reported month. The US produced 7.407 mt crude steel in October 2019, a decrease of 2 per cent. In the EU, Germany produced 3.3 mt of crude steel in October 2019, Italy produced 2.2 mt, France produced 1.2 mt and Spain’s output was 1.2 mt, said the report.


Source : Exim News Service - New Delhi, Dec. 1


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