India's crude steel output falls over 24% in July, global production shrinks 2.5%: worldsteel
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Update time : 2020-08-26 15:52:47
India's crude steel output fell 24.6 per cent to 7.150 million tonnes (MT) during July 2020, according to the global body worldsteel.
The country had produced 9.485 MT crude steel during the same month in 2019, the World Steel Association (worldsteel) said in its latest report.
Global steel production also registered a fall during the month under review, the data showed.
"World crude steel production for the 64 countries reporting to the worldsteel was 152.694 MT in July 2020, a 2.5 per cent decrease compared to 156.679 MT in July 2019.
"Due to the ongoing difficulties presented by the Covid-19 pandemic, many of this month's figures are estimates that may be revised with next month's production update," it said.
