India overtakes Japan as world’s second largest steel producer

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India is behind only China in producing the quantity of steel worldwide, according to a World Steel Association (WorldSteel) report.

India produced 106.5 million tonnes (MT) of crude steel, compared to 101.5 MT in 2017, registering a hike of 4.9%. This meant India overtook Japan, whose steel production was 104.3 MT in 2018, a dip of 0.3% compared to 2017.

The worldwide steel production registered a 4.6% increase in 2018, with 1,808.6 MT, up from 1,729.8 MT in 2017.

China, the top steel producer, produced 928.3 MT of crude steel in 2018, registering a 6.6% increase from 870.9 MT in 2017. China’s share was 51.3% in 2018 compared to 50.3% in 2017.

The rest in the top 10 steel producers, with quantity of steel produced in 2018 are USA 86. 86.7 MT, South Korea 72.5 MT, Russia 71.7 MT, Germany 42.4 MT, Turkey 37.3 MT, Brazil 34.7 MT and Iran 25 MT.

Featured image courtesy: PxHere