Market News
Indian Crude Steel output grows 2% in September
LONDON (Scrap Register): India's crude steel production rose 2.1% to reach 8.520 million tonnes (MT) in September 2018, global steel body worldsteel said in a report.
The country had produced 8.345 MT steel during the same month last year, the World Steel Association (worldsteel) said.
According to the report, India's steel output during January-September 2018 was 6.1% higher at 79.660 MT, as against 75.048 MT during the corresponding period of 2017.
The global crude steel production for the 64 countries reporting to the worldsteel was 151.7 million tonnes MT in September 2018, registering a 4.4 increase.
Japan has reported a 2.4% contraction in output at 8.418 MT in September 2018, compared to 8.626 MT during the same month last year.
In the first nine months of 2018, Japan's steel output reported a marginal growth of 0.4% to 78.615 MT from 78.266 MT in the year-ago period.
China maintained its position as the world leader in crude steel production during the last month and in the January-September period of 2018.