India's steel output reports a marginal fall to over 19 million tonnes in Jan-Feb 2021

Apr 5,2021

India's crude steel output fell by 1 per cent to 19.1 million tonnes during the first two months of 2021, according to world steel.

The country had produced 18.9 million tonnes of crude steel during the same period last year.

The production for the 64 countries reporting to the world steel was 313.1 million tonnes in January-February 2021, registering a 5 per cent increase compared to 297.7 million tonnes in the year-ago period, the global industry body data showed.

China remained the global leader in the production of steel, registering 8.86 per cent year-on-year growth in output at 173.2 million tonnes during the said period.

According to the World Steel Association (world steel) data, China had produced 159.1 million tonnes of steel in the same period last year.

During January-February 2021, Japan's output slipped 6 per cent to 15 million tonnes year-on-year from 16.1 million tonnes. The US produced 13.2 million tonnes of steel in the period under review. Its output was at 14.9 million tonnes in 2020.

Russia's output was at 12.4 million tonnes compared to 11.61 million tonnes in 2020. South Korea's steel production was at 11.5 million tonnes, as compared to 11.2 million tonnes in the year-ago period. Turkey produced 6.4 million tonnes of crude steel in the period under review. It had produced 5.9 million tonnes in the same period in 2020.

While Germany produced 6.4 million tonnes of steel in January-February 2021, Brazil and Iran produced 5.8 million tonnes and 5.3 million tonnes, respectively.

With members in every major steel-producing country, Brussels-based world steel represents steel producers, national and regional steel industry associations, and steel research institutes. Its members represent around 85 per cent of the global steel production.

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