In September, India’s steel production growth fell short of the world average with the country clocking 4.7 per cent growth compared to the world average of 6.1 per cent. The World Steel Association (WSA) said India’s steel output grew to 6.54 million tonne (mt) in September from 6.24 mt during the same month last year.
On the other hand, growth in world’s steel output rose faster at 6.1 per cent during the month to 132.54 mt compared to 124.93 mt a year earlier. This was largely led by China which produced 65.42 mt steel in the reporting month clocking an 11 per cent growth over the same month last year.
China had produced 58.9 mt steel in September, 2012. In fact, India’s growth in production was lower even when compared with its Asian peers. Overall, Asia produced 88.31 mt steel during the month, up by 8.9 per cent over 81.08 MT in the same month last year.
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