PRODUCTION OF CRUDE STEEL GROWS 8% IN INDIA

Production of crude steel by India grew around 8 per cent to 59.75 million tonnes in the first eight months of fiscal 2015/16.

In the previous year between April and November 2014, the cumulative production of crude steel stood at 55.32 million tonnes. The production of crude steel has been consistently increasing in the country.

India was the fourth-largest steel producer in the world after China, Japan and the US till last year. However, in the first 10 months of calendar year 2015, the country has achieved the third position with a share of 5.6 per cent in global steel production.

The top two leading producers China and Japan have a share of 50.2 per cent and 6.2 per cent, respectively in the global steel production.