India produces 7.25 MT steel in March: WSA

Tags: India, Steel, WSA, Industry
India, the world's fourth largest steel maker, produced 7.25 million tonnes (MT) or just over five per cent of the total global output in March, according to World Steel Association (WSA).

The country, however, beat world's average production growth rate in March. While India clocked a 3.9 per cent growth rate in production, world's average growth rate was at 2.7 per cent.

Global steel production in March stood at 141 MT, said WSA, a leading global industry body in its monthly report.

India had produced 6.98 MT steel in March last year.

China produced nearly half of the global steel production at 70.3 MT in March, up by 2.2 per cent compared to the same month last year. Japan's production stood at 9.7 MT and South Korea's production was 6.1 MT.

Among the European Union nations, Germany produced 4 MT of steel in March 2014, Italy produced 2.4 MT, France 1.4 MT and Spain produced 1.3 MT.

Turkey's crude steel production was 2.8 MT, down by 4.3 per cent. Russia produced 6.0 MT, clocking an increase of 1.3 per cent and Ukraine's production was 2.7 MT.

The US produced 7.4 MT in March 2014, up by 0.9 per cent compared to March 2013.

"The crude steel capacity utilisation ratio in March 2014 was 79 per cent," WSA said.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Sanskrit does not compare with German in the job market

    While there can be no argument that the importance of Sanskrit as an all-India language needs to be emphasised, particularly for the young generation

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

M S Swaminathan

Public good research in agriculture

Public good research in agriculture is designed to promote risk ...

Zehra Naqvi

To hell and back

Here is a book that makes you wish there were ...

Bubbles Sabharwal

When your real & reel life heroes are the same

ALL the world’s a stage and we all are merely ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture