24
May
14:53
India bucks global production downtrend in April
Crude steel production in the 64 countries reporting to the World Steel Association (worldsteel) dropped for a ninth consecutive month on-year in April, by 5.1% to 162.75 million tonnes, with declines seen in most major producing regions except India. Output did however inch up 1% from March, Kallanish notes.
Chinese output fell 5.2% on-year in April to 92.78mt, while Japanese and South Korean output was down 4.4% and 4.1% respectively to 7.47mt and 5.52mt. Indian…
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Anonymous
Very good overview of the weekly steel market.
Anonymous