India increased steel production in the first half of 2014

Strong growth in steel production in India drove an increase in steel output during the first six months of 2014. However, the nation still remains the fourth largest steel producer in the world.

India produced about 41.28 million tonnes of steel between January and June this year, an increase of 1.4 percent from 40.72 million tonnes of steel produced in the same period, according to the World Steel Association. the previous year.

World steel production in the first half of 2014 amounted to 821.340 million tons, which compared to 801.24 million tons in the same period last year showed a growth rate of 2.5 percent. China and South Korea are at the top, reporting growth rates of 3 percent and 9.1 percent, respectively.

At the same time, Japan, Russia, and the United States had a slower growth rate in steel production. The US and Japan both reported 0.9 percent growth in the first half, while Russia grew about 0.7 percent. During the first half of 2014, China produced 411.90 million tonnes of steel. Steel production in Japan amounted to 55.22 million tons, while the USA made 43.49 million tons and Russia 34.82 million tons.

Since 2010, India has been in fourth position behind the top three steel producers such as China, Japan and the United States. Steel production in India in 2013 was 81,200 million tons, and in 2012 it was about 77.3 million tons, in 2011 - about 73.6 million tons and in 2010 - about 69 million tons.