Millennium Post

India achieves world’s highest steel output growth in FY13

India, the world's fourth largest steel maker, logged 5.86 per cent growth in production in 2012-13 - the highest among major global producers, World Steel Association said.
According to WSA, India produced 78.12 million tonne (mt) steel during the fiscal as against 73.39 mt in 2011-12.China had produced the maximum steel during the fiscal at 726.33 mt, almost half of the world's total output of 1,521 mt; but India outpaced the neighbour in the rate of growth.

Production in China grew by 5.39 per cent during 2012-13 over 689.192 mt in 2011-12. Global production grew by 1.59 per cent during the fiscal.
World's second largest steel maker Japan produced 107.30 mt in 2012-13, clocking 0.78 per cent growth over 106.46 mt produced in the previous fiscal.

The US, the world's third largest steel producing nation, clocked a negative rate, down 1.61 per cent, during the fiscal at 86.94 mt compared to 88.36 mt a year ago. Russia produced 69.56 mt steel in 2012-13, recording just 0.17 per cent growth over the previous fiscal.
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