India’s crude steel output fell for the second straight month in November, declining 2.8 per cent to 8.934 MT as compared to 9.192 MT during November 2018, as per the latest report released by the World Steel Association (worldsteel).
In October 2019, India had reported a 3.4 per cent fall in crude steel output at 9.1 MT as against 9.4 MT in the year-ago month, according to the global body.
Global steel production also registered a 1 per cent fall at 147.8MT in November 2019 as compared with 149.4 MT in November 2018.However, world’s largest steel producer China registered increase in production. The country produced 80.3 MT steel in November, up 4 per cent as compared to 77.2 MT a year ago.
Japan’s crude steel production fell 10.6 per cent to 7.8 MT as against 8.7 MT in November 2018. The US produced 7.2 MT of crude steel in November 2019, a decrease of 2.2 per cent as compared to 7.4MT in the same month last year.
South Korea’s crude steel production stood at 5.9MT in November, 0.5 per cent lower against 6MT in November 2018.
In the EU, Italy produced 2.0 MT of crude steel in November, where as France and Spain produced 1.1 MT each.
Brazil produced 2.6 MT of crude steel in November, while Turkey and Ukraine produced 2.9 MT and 1.3 MT respectively last month.
