India’s crude steel output dips 3.4% to 9.08 million tonnes in October 2019

India’s crude steel output fell 3.4 per cent to 9.089 million tonnes during October this year, according to World Steel Association (worldsteel).

The country had produced 9.408 million tonnes crude steel during the same month a year-ago, the global industry body said in its latest report.

Global steel output stood at 151.494 million tonnes in October 2019, 2.8 per cent down compared to 155.833 million tonnes in October 2018, it said.

“While China’s crude steel production for October 2019 was 81.521 million tonnes, a decrease of 0.6 per cent compared to 82.014 million tonnes in October 2018, India produced 9.098 million tonnes of crude steel in October 2019, down 3.4 per cent from 9.408 million tonnes in October 2018,” the report said.

Japan’s output fell 4.9 per cent to 8.157 million tonnes in the reported month.

The US produced 7.407 million tonnes crude steel in October 2019, a decrease of 2 per cent compared to 7.557 million tonnes in October 2018.

In the EU, the report said, Germany produced 3.3 million tonnes of crude steel in October 2019, Italy produced 2.2 million tonnes of metal, 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, the report added.

Members of worldsteel represent approximately 85 per cent of the world’s steel production, including over 160 steel producers, national and regional steel industry associations, and steel research institutes.

Shekhar Ghosh is consulting editor, Indoasiancommodities.com. He has edited and written for publications like Business India, Business Standard, Business Today, Outlook and many other international publications. He can be reached at shekhar.ghosh@indoasiancommodities.in.

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