India's steel production increased by 3.5% in 1-9 months

According to the data compiled by the World Iron and Steel Association, from January to September 2019, India's crude steel production increased by 3.5% to 84.18 million tons, compared with 81.31 million tons in the same period last year. India's crude steel production in September was 9.96 million tons, up 1.6% from the same month in 2018, the Brussels based Worldsteel said in a press release emailed to TOI on Friday.

"In the first nine months of 2019, the world crude steel production was 1.391.2 billion tons, an increase of 3.9% compared with the same period of 2018. Asia produced 1000.1 million tons of crude steel, an increase of 6.3% over the first nine months of 2018. "

The report added: "by September 2019, the world crude steel production of 64 countries reported to the World Iron and Steel Association was 151.5 million tons, down 0.3% from September 2018."

According to the press release, China's crude steel production in September 2019 was 82.8 million tons, an increase of 2.2% over September 2018. Japan produced 8 million tons of crude steel in September 2019, down 4.5% from September 2018. South Korea's crude steel production in September 2019 was 5.7 million tons, down 2.7% from September 2018.