The month of August saw India making the fastest levels of growth, among the world’s major steel producers. As a country, India produced 8.4 million tonnes of crude steel, an impressive 9.4% growth from the same period last year; the growth is even more impressive when you consider that global increase was just 1.9%.
China, who are by far and away the world’s largest producer of steel saw a steady growth of 3% from the corresponding period last year, 68.6 million tonnes of Steel was produced. In comparison, Japan, the world’s second largest producer of steel had an output of 8.9 MT, which was an increase of 1.5%. Among the other big name producers of Steel, the US produced 6.7 MT, Russia 5.9 MT and South Korea 5.8 MT.