India's steel output down 3.2% in Feb

Tags: Steel, Industry
India's steel production declined by 3.2% while globally it averaged a 0.6% rise in February mainly due to higher Chinese output.

India, world's fourth largest steel producer, logged an output of 6.28 million tonnes (MT) in February, compared to 6.48 MT a year ago, premier industry body World Steel Association (WSA) said in a release last evening.

India's production in the first two months of 2014 is at 13.23 MT, down 1.5%, compared to 13.44 MT in January- February last year.

Global production of steel increased by 0.6% during the month compared to 124.27 MT during February, 2013.

"China's crude steel production for February 2014 was estimated at 62.1 MT," WSA said. Japan produced 8.4 MT, a rise of 1.4% over February 2013. South Korea produced 5.3 MT, up by 6.2% over February 2013.

The total production by Asian nations went up by 0.6% to 83.70 MT against 83.17 MT during the month.

European Union's production also increased by 4.7% to 13.87 MT over 13.25 MT a year ago. Germany produced 3.6 MT, Italy 2.2 MT, France 1.2 MT and Spain produced 1.2 MT among others.

Turkey's crude steel production for February 2014 was at 2.7 MT, up by 0.7% over February 2013, WSA said.

Russian output was 5.3 MT, a dip of 3.1%. Output by Ukraine was 2.3 MT in February 2014, down by 10.7%.

The US produced 6.7 MT steel in February 2014, down by 1.7%. Brazil's output was at 2.6 MT, a rise of 1.2% compared to February, 2013.

"The crude steel capacity utilisation ratio in February was 77.6%," 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E-mail ID will not be published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

  • Let’s not get carried away over joint Indo-US action on terror

    Notwithstanding prime minister Narendra Modi’s successful visit to the Big Apple, there is need to guard against too many expectations over the so-c

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

Simon J Evenett

Where the mind leads, actions follow

Whether in business, government, non-profits, or elsewhere, what assumptions underpin ...

Zehra Naqvi

Fading empathy in the modern world

The episode of a man being mauled to death by ...

Gautam Gupta

French fashion icon Gaultier’s pret goodbye

With Gaultier gone, the world of international prêt will never ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture