India’s crude steel production grew 3.5% and stood at 8.36 million tonnes (MT) in July this year. The steel output stood at 8.08 MT in the same month last year. As per the latest report by World Steel Association, the domestic production in the January-July period of 2017 increased by 5.4% and stood at 58.01 MT over 55.07 MT in the same period of 2016. 

India has overtaken the US to become the world’s third largest steel producer and the country is now looking to replace Japan from the second spot. Global steel production for the 67 countries reporting to World Steel Association (world-steel) was 143.24 MT in July this year, registering an increase of 6.3% over 134.798 MT in July 2016.

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