Global steel production falls by 5% in May; India's output rises by 4%: WSA

New Delhi: India has registered a 4.1 percent growth in its crude steel production at 11.2 MT amid 5.1 percent downfall in the global output at 161.6 MT in May 2023, according to the World Steel Association (worldsteel). Despite a 7.3 percent year-on-year (y-o-y) fall, China remained the top steel-producing country in May with 90.1 MT crude steel production, world steel data showed.

India produced 11.2 MT crude steel in May 2022

India produced 11.2 MT crude steel, up by 4.1 percent in May 2022, the body said in its latest report. Japan's output was also 5.2 percent down on a y-o-y basis at 7.6 MT. The United States produced 6.9 MT steel registering a 2.3 percent fall annually.

Russia is estimated to have produced 6.8 MT

Russia is estimated to have produced 6.8 MT, up by 8.8 percent. South Korea registered a marginal fall of 0.1 percent to 5.8 MT. While Germany produced 3.2 MT, Brazil 2.8 MT, and Iran produced 3.3 MT in May 2023.

Brussels-based World Steel Association is one of the largest industry associations in the world, with members in every major steel-producing country. It represents steel producers, national and regional steel industry associations, and steel research institutes. Members represent around 85 percent of global steel production.

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