India’s steel production grows 3.5% in July: Reports 29/08/2017

India’s steel production grows 3.5% in July: Reports
29/08/2017
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The latest report by World Steel Association has said that India's crude steel production grew 3.5 per cent to 8.36 million tonnes (MT) in July this year. The steel output stood at 8.08 MT in the same month last year, it said. According to the data, domestic production in the January-July period of 2017 increased by 5.4 per cent to 58.01 MT over 55.07 MT in the same period of 2016. Global steel production for the 67 countries reporting to World Steel Association (worldsteel) was 143.24 MT in July this year, registering an increase of 6.3 per cent over 134.798 MT in July 2016. As per reports, for the first seven months of 2017, global steel production stood at 977.32 MT, up 4.6 per cent from 933.97 MT in the same period of 2016. World's top steel producer China produced 74.021 MT last month, up 10.3 per cent over the year-ago month when the country had produced 67.12 MT.

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