India’s steel output rises 4.6% in August even as global production declines
China’s manufacturing of steel dropped 3.7% in August, while world output dropped 0.7% during January-August
India's crude steel production increased by 4.6% compared to the previous year, reaching 14.8 million tonnes in August, according to World Steel Association data. However, global steel output declined by 1.2%, despite several countries showing growth. China, the world's largest producer, saw a 3.7% decrease, producing 74.6 million tonnes.
The US increased its output by 3%, reaching 7.3 million tonnes. Japan continued to be the third-largest producer, with an output of 6.7 million tonnes. Despite the global decline, Asia and Oceania remained the largest steel-producing region, contributing 106.7 million tonnes in August, a 1.4% decrease compared to the previous year.
Among the major producers, South Korea's output rose by 2.6%, while Germany's increased by 1.7%. Vietnam experienced a significant 36.4% increase, producing 2.7 million tonnes. Brazil's production fell by 6.2% to 2.7 million tonnes. In contrast, production declined in West Asia, South America, and Russia and other CIS countries, with Ukraine also facing a decrease.
The data highlights the disparity between India's growth and the decline in output in several major steel-producing regions.
Written by urgent.news from Hindu BusinessLine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
