‘India world’s fourth largest steel maker in 2011’

Tuesday, 14 February 2012 00:00 - - {{hitsCtrl.values.hits}}

New Delhi: India maintained its position as the fourth largest steel producer in 2011, despite 5.7 per cent output growth against the world average of 6.8 per cent, the World Steel Association (WSA) said.

Recording an increase of 6.8 per cent in 2011 over 2010, global steel production hit a record 1,527 million tonnes. On the other hand, India produced 72.2 mt last year over 68.3 mt in the previous year.

WSA is the world’s largest steel industry association and its members produce around 85 per cent of the global output.

As in the previous years, China contributed the highest to the global steel production at 695.5 mt in 2011 over 638.7 mt in 2010.

China’s supremacy in the sector is unlikely to go in foreseeable future as the world’s second largest maker, Japan, produced 107.6 mt in 2011, it said. Production in Japan has come down from 109.6 mt in 2010.

Third in the order was the US, with output going up by 7.1 per cent to 86.2 mt in 2011 over 80.5 mt in the previous year, the WSA data showed.

Russia, ranked fifth, produced 68.7 mt in 2011 against 66.9 mt in 2010, a 2.7 per cent growth in production.

South Korea was at close sixth at 68.5 mt in production. However, the growth in steel output in the country was the highest among the top-10 producing nations at 16.2 per cent. South Korea produced 58.9 mt in 2010.

Turkey registered the highest growth rate in 2011 at 17 per cent to produce 34.1 mt against 29.1 mt in the previous year. It ranked 10th.

The seventh, eighth and ninth position held by Germany, Ukraine and Brazil, respectively, it added.