In June 2013, steel output in India rose a mere 0.9 percent to 6.45 million tonne (mn t) from 6.39 mn t in the year-ago month. It is learnt that during the month, India's rate of growth in steel production declined below the world average. Data from World Steel Association (WSA) shows global steel output touched 132 million tonne in June 2013, a 1.9
Tag: WSA
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India steel output rises 3% in 5 months to May
Data from the World Steel Association (WSA) shows that India's steel output rose 3 percent to 33.5 million tonne during the first five months of this year (Jan-May 2013). This is well above the world average growth rate of 2.1 percent at 658 million tonne. In May 2013, India's steel output expanded at a lower rate of 1.5 percent as against the global growth rate of 2.6 percent. During the month, India produced 6.73 million tonn
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World steel output grows 1.2% in April
Global steel production grew 1.2 per cent in April 2013 to 132.11 million tonne (mn t) compared to 130.50 mn t in the corresponding month of previous year, data from the World Steel Association shows. It is noteworthy that nearly half of the global production has come from China at 65.65 mn t during the month. Steel output in the country grew 6.8 per cent over the same month last year, data the association shows
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Steel output expands 6.5% in March
The country witnessed the fastest rate of growth in steel production during March in the last three months at 6.5 percent to 6.86 million tonne (mn t), data from the World Steel Association shows. It may be noted that in January, steel output grew at a slower rate of 3.8 percent to 6.6 mn t while in February it contracted 0.5 percent to 6.2 mn t over the year ago perio
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WSA reduces growth forecast for steel usage
According to a recent report of the World Steel Association (WSA), the growth of the global apparent steel usage (ASU) may decline to 2.9 percent in 2013. The association had earlier forecast the growth rate at 3.2 percent in its October 2012 release. Demand for steel may be subdued because of macroeconomic events like the Eurozone crisis, slowdown in the Chinese economy and U
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Chinese steel usage may grow 3.5% in 2013
According to a forecast by World Steel Association (WSA), consumption of steel in China may grow 3.5 per cent in 2013 to 668.8 mn t, following a 1.9 per cent increase in 2012. But the association expects steel demand growth in China to slow in 2014 to 2.5 per cent on the back of the local government's measures to control investment in an effort to re-balance the
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Steel output contracts marginally in February
Data from the World Steel Association (WSA) shows that steel output in India contracted a marginal 0.5 per cent to 6.2 million tonne (mn t) in February from 6.229 mn t in the year-ago month. During the same month, global steel production expanded 1.2 per cent to 123 mn t. The US produced 6.7 mn t steel in February 2013, down 11.8 per cent over the same month last year
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World steel output grows a mere 0.8%
Data from World Steel Association (WSA) shows the global production of the alloy rose a mere 0.8 percent in January 2013 to 125 million tonne (mn t) from 123.7 mn t in January 2012. During January 2013, India produced 6.3 mn t, data from the association shows. In its monthly report, the body said
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India continues to rank 4th in steel output
Data from World Steel Association (WSA) reveals that India continues to rank fourth in the global steel production after China, Japan and the US in 2012. Even in 2011 and 2010, the country was the worldĆās fourth largest steel maker with a total production of 73.6 mn t and 69 mn t steel output respectively. In 2012, India