India’s July steel output rises 1.9%
Global production slips a tad as China reports sharp drop in output
India's crude steel production rose by 1.9% year-on-year to 14.4 million tonnes in July, according to data released by the World Steel Association. This growth put India in second place globally as the largest steel producer, with July output reaching 101.1 million tonnes. India's increase marked a 6.1% rise for the year to date, up to 101.1 million tonnes.
This growth contrasted with China's 3.1% decrease, which saw July output fall to 76.9 million tonnes. Other major producers like the United States, Turkey, Germany, and Vietnam also experienced growth in steel production. Global crude steel production across 70 reporting countries stood at 149.2 million tonnes in July, a 0.3% decline from the previous year.
Asia and Oceania were the largest producers, accounting for 109.4 million tonnes in July, a 1.2% decrease.
Written by urgent.news from Hindu BusinessLine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
