India Replaces Japan To Become Second-Largest Crude Steel Producer

India has replaced Japan as the world’s 2nd largest steel producing country, while China is the largest producer of crude steel, accounting for more than 51% of production, according to the World Steel Association. The global steel body, in its latest report, stated that China’s crude steel output jumped 6.6% to 928.3 million tonnes in 2018 from 870.9 MT in 2017.

China’s share increased from 50.3 percent in 2017 to 51.3% in 2018. India’s crude steel production in 2018 was at 106.5 MT, up 4.9% from 101.5 MT in 2017. Japan produced 104.3 MT in 2018, down 0.3% compared to 2017.

Source: BloombergQuint

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