India replaces Japan as second top steel producer
India has replaced Japan as world’s second largest steel producing country, while China is the largest producer of crude steel accounting for more than 51 per cent of production, according to World Steel Association (worldsteel).
The global steel body in its latest report noted that China’s crude steel output jumped 6.6 per cent to 928.3 million tonnes (MT) in 2018 from 870.9 MT in 2017. China’s share increased from 50.3 per cent in 2017 to 51.3 per cent in 2018.
“India’s crude steel production in 2018 was at 106.5 MT, up by 4.9 per cent from 101.5 MT in 2017, meaning India has replaced Japan as the world’s second largest steel producing country. Japan produced 104.3 MT in 2018, down 0.3 per cent compared to 2017,” worldsteel said.
Global crude steel production reached 1,808.6 MT for the year 2018 from 1,729.8 MT in 2017, a rise of 4.6 per cent, it said.