New Delhi: Production of crude steel in India in August declined 4.4 per cent on a year-on-year basis to 8.48 million tonne (Mt), according to data from the World Steel Association.Also Read - IND vs SA Dream11 Team Prediction, Fantasy Cricket Hints India vs South Africa 1st ODI: Captain, Vice-Captain, Playing 11s For Today's India vs South Africa ODI, Injury And Team News of Match at Boland Park, Paarl at 2.00 PM IST January 19 Wednesday
During the same period last year, India had produced 8.87 million tonne of crude steel. Also Read - SA vs Ind: Kagiso Rabada Rested for the ODI Series Against India
Globally, however, crude steel production marked a marginal rise and China recorded 8.4 per cent increase at 94.8 million tonne. Also Read - Travelling to India From UAE? Follow These Updated Travel Guidelines
In a statement, the World Steel Association said that total steel production for the 64 countries reporting to it was 156.2 million tonne in August 2020, a 0.6 per cent increase compared to August 2019.
It further noted that due to the ongoing difficulties presented by the Covid-19 pandemic, many of the estimates may be revised with next month’s production update.
“China produced 94.8 Mt of crude steel in August 2020, an increase of 8.4 per cent compared to August 2019. India produced 8.5 Mt of crude steel in August 2020, down 4.4 per cent on August 2019,” it said.
Japan produced 6.4 million tonne of crude steel in August 2020, down 20.6 per cent compared to August 2019. South Korea’s steel production was 5.8 million tonne in August, down by 1.8 per cent on a year-on-year basis.
Germany produced 2.8 million tonne of crude steel in August 2020, down 13.4 per cent.
The US produced 5.6 million tonne of crude steel in August 2020, a decrease of 24.4 per cent compared to August 2019.