India’s crude steel output increased marginally by 0.9 per cent to 9.058 million tonne (MT) in October 2020, according to World Steel Association (worldsteel). The country had produced 8.981 MT crude steel during the same month last year, the global industry body said in its latest report. “Crude steel production for the 64 countries reporting to worldsteel was 161.890 MT in October 2020, a 7 per cent increase compared to 151.248 MT in October 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,” worldsteel said. According to the worldsteel data, China registered a 12.7 per cent year-on-year growth in steel output to 92.202 MT during October 2020, compared to 81.781 MT in the same period last year. The US production stood at 6.143 MT of crude steel in October 2020, down 15.3 per cent from 7.250 MT.
