India is world’s 3rd largest steel producer

Geography Resources

As per the latest data released by World Steel Association, India is the world’s third-largest steel producer.
China is miles ahead of others in terms of production, the gap between Japan and India, currently positioned at the second and third slots in the world order of steel production, respectively, is narrowing.
Japan produced 104.7 MT steel in 2017 compared with India’s 101.4 MT. In 2016, the gap was wider at 9.3 MT and 16 MT in 2015.
However, India’s steel production grew by 6.2% in 2017 compared with a marginal decline in Japan’s production, thus brightening India’s prospect of grabbing the second slot in 2018. India had grabbed the third slot in steel production in 2015 from the US after long been holding the fourth slot.
India’s has been steadily growing and with the Indian government targeting 300 MT annual installed capacity from 128 MT now, chances are there that India’s production will only rise in the coming years.
In 2017, world crude steel production reached 1,691.2 MT, up by 5.3% over the previous year. Steel production increased in all regions during the year except in the CIS, which remained stable.
Annual production for Asia was 1,162.5 MT in 2017, an increase of 5.4% compared to 2016. China’s production grew by 5.7% to 831.7 MT from 808.3 MT a year ago. China’s share of world production increased from 49.0% in 2016 to 49.2% in 2017.

About the World Steel Association:

World steel is a non-profit organisation with headquarters in Brussels, Belgium. A second office in Beijing, China, opened in April 2006.
The World Steel Association (worldsteel) was founded as the International Iron and Steel Institute on 10 July 1967. It changed its name to the World Steel Association on 6 October 2008.
Worldsteel represents over 160 steel producers (including 9 of the world’s 10 largest steel companies), national and regional steel industry associations, and steel research institutes. Worldsteel members represent around 85% of world steel production.

Submit Error