Posted on 27 Oct 2014
With 62.41 million tonnes output, India remains the world's fourth largest steel producer in the first nine months of the current year, preceded by China, Japan and the US. World Steel Association (WSA) data showed India's steel production grew by 1.8%, the second highest among the top four steel producing nations, during the January-September period from 61.27 MT in the same period last year.
India has been the world's fourth largest steel maker for the last four years. The order is likely to remain unchanged in current year too, an industry expert said. During the first nine months, China produced 618 MT steel which is a little more than half of world's total production at 1,231 MT. China logged 2.3% growth during the period. But its steel production remained static in September at 67.5 MT when compared with the same month last year.
