Millennium Post

India’s Feb steel output dips by 0.5%, China’s grows by 9.8%

India's steel production was down 0.5 per cent at 6.2 million tonnes (mt) in February, although the global output was in the positive terrain.

India, the fourth largest steel maker in the world, had produced 6.229 mt steel in February last year, World Steel Association (WSA) data has revealed.

China's production at 61.8 mt was nearly 10 times higher than India and almost half of world's total production of 123 mt in February this year.

The growth in production in China was 9.8 per cent higher over the same month last year. Globally, production grew by 1.2 per cent during the month.

Japan produced 8.3 mt steel, while South Korea's output stood at 5 mt.

Among the European Union nations, Germany produced 3.4 mt, Italy 2.1 mt, France 1.3 mt and Spain 1.2 mt in February.

The US produced 6.7 mt steel in February 2013, down by 11.8 per cent over the same month last year, it said.

Production of steel in Brazil was at 2.6 mt, down 6.2 per cent compared to the same month last year.

'The crude steel capacity utilisation ratio in February 2013 rose to 80.5 per cent from 76.7 per cent in January 2013.

Compared to February 2012, it is 0.8 percentage point lower,' WSA said.
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