Biznextindia : Crude steel production in India, the world’s second largest steel producer, grew by 152 per cent to 8.3 Million Tonnes (MT) in April 2021, according to the monthly report by World Steel Association (Worldsteel).
The record rise is being attributed to lower base last year as steel production touched the bottom at 3.1 MT in April 2020 due to lockdown related disruptions.
However, monthly steel output in India is likely to be affected in the current month as several states have imposed fresh lockdowns in view of the second wave of the COVID-19 pandemic.
Overall, World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) grew by 23.3 per cent YoY to 169.5 MT in April 2021.
China, the world’s dominant leader in steel production, reported 13.4 per cent growth in steel output at 97.9 MT. Japan, the 3rd largest producer reported 18.9 per cent growth in steel production at 7.8 MT.
Crude steel production by region
Africa produced 1.3 Mt in April 2021, up 93.9% on April 2020. Asia and Oceania produced 125.0 Mt, up 19.2%. The CIS produced 9.0 Mt, up 20.7%. The EU (27) produced 12.9 Mt, up 42.8%. Europe, Other produced 4.2 Mt, up 33.9% The Middle East produced 3.5 Mt, up 15.3%. North America produced 9.7 Mt, up 38.2%. South America produced 3.8 Mt, up 70.9%.