India replaces Japan as world’s second largest steel producing country: Dharmendra Pradhan

As per World Steel Association data, India became the second-largest steel producer of crude steel after China in 2018 and 2019, by replacing Japan

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Feb 6, 2020, 03:30 pm IST

India has become the second-largest steel producer of crude steel by replacing Japan. “As per World Steel Association data, India became the second-largest steel producer of crude steel after China in 2018 and 2019, by replacing Japan,” the Union Minister of Steel Shri Dharmendra Pradhan informed the Rajya Sabha in a written reply on February 5.
The details of five leading crude steel producers in the world during 2018 and 2019 are listed below:-

Top 5 Crude steel producers in the world: 2018, 2019*

2018

2019*

Rank

Country

Qty (mt)

Rank

Country

Qty (mt)

1

China

920.0

1

China

996.3

2

India

109.3

2

India

111.2

3

Japan

104.3

3

Japan

99.3

4

USA

86.6

4

USA

87.9

5

South Korea

72.5

5

Russia

71.6

Source: worldsteel, (* Provisional)
India’s crude steel production in 2018 was at 109.3 MT, an increase of 7.7 per cent from 101.5 MT in 2017.
“Steel being a deregulated sector, the Government does not set any annual targets for steel production. Decision on quantity of steel production is taken by individual companies based on commercial considerations and market requirements,” the Union Minister of Steel Shri Dharmendra Pradhan informed the Rajya Sabha.

 
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Published by
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Feb 6, 2020, 03:30 pm IST

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