India has overtaken the US to become the world’s third-largest steel producer and the country is now looking to bag the second spot from Japan. Country’s crude steel production grew by 6.2% to 101.4 million tonnes, MT, in 2017 compared to 95.5 MT in 2016, according to the report by World Steel Association.
Japan, the second largest global steel producer, witnessed a negative growth as steel output declined by 0.1% to 104.7 MT in 2017 from 104.8 MT in 2016. China remained the world leader by producing 831.7 MT in 2017, up 5.7% from 786.9 MT in the year-ago period.
Static/Current Takeaways Important for Syndicate Bank PO 2018 Exam-
- Mr Birender Singh is Union Minister of Steel of India.
Source- AIR World Service