India becomes third largest producer of crude steel

Posted on:31 Jan 2018 09:27:03
India becomes third largest producer of crude steel
31 January 2018 Current Affairs: According to a recent report published by World Steel Association (WSA), India overtook the US to become the world’s third-largest steel producer in 2018.

China has remained world leader by producing 831.7 MT in 2017, up 5.7% from 786.9 MT in the year-ago period.  

Japan is second largest global steel producer.

The Global steel production had reached 1,691.2 MT in 2017, up by 5.3% compared to 2016 when output was 1,606.3 MT.

It includes over 160 steel producers with 9 of the 10 largest steel companies, national and regional steel industry associations, and steel research institutes.

It was founded in July 1967 and is headquartered in Brussels, Belgium.

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