India has replaced Japan as the world’s second-largest steel producing country, says report.
Meanwhile, China, accounting for over 51 per cent of production, retains the top position as the largest producer of crude steel.
The latest report by the World Steel Association (worldsteel) notes that crude steel output of China jumped 6.6 per cent to 928.3 million tonnes (MT) in 2018 from 870.9 MT in 2017.
According to the global steel body, “India’s crude steel production in 2018 was at 106.5 MT, up by 4.9 per cent from 101.5 MT in 2017, meaning India has replaced Japan as the world’s second-largest steel producing country. Japan produced 104.3 MT in 2018, down 0.3 per cent compared to 2017.”
In the year 2018, global crude steel production reached 1,808.6 MT, a rise of 4.6 per cent from previous year’s 1,729.8 MT.
Other countries which made to the top 10 list include the United States, at the 4th position as the country produced 86.7 MT of crude steel in 2018, South Korea (72.5 MT, 5th place), Russia (71.7 MT, 6th), Germany (42.4 MT, 7th), Turkey (37.3 MT, 8th), Brazil (34.7 MT, 9th) and Iran (25 MT, 10th).
World Steel Association, an international industry association, represent around 85 per cent of the world’s steel producing countries.
It has over 160 steel producers with 9 of the 10 largest steel companies, national and regional steel industry associations, and steel research institutes.