November saw an 11% increase in India's steel production to 11.7 MT, with a global output of 145.5 MT: worldsteel
ET
India
27-12-2023
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According to World Steel Association (worldsteel), India's crude steel production increased by 11.4 per cent to 11.7 million metric tonnes (MT) in November of this year. According to the latest report from the global body, the country's production during the period of January to November was 12.1% higher year-over-year (y-o-y) at 128.2 MT.
November saw a 3.3% increase in global steel production to 145.5 MT compared to the same month in 2022. According to worldsteel, the global output increased slightly by 0.5% to 1,715.1 MT between January and November of 2023.
November saw a 0.4% increase in Chinese steel production to 76.1 MT from November 2022. From January to November, it produced 952.1 MT, an increase of 1.5% year over year.
Japan's production decreased by 0.9% to 7.1 MT in November 2023, while the country's total production from January to November 2023 decreased by 2.8% to 80 MT.
In the eleven months of 2023, the United States produced 73.9 MT of steel, compared to 6.6 MT last month.
Russia produced 70.2 MT from January to November 2023, compared to 6.4 MT in November. In November 2023, South Korea's production was 5.4 MT, and over the course of 11 months in 2023, it reached 61.3 MT.
Germany produced 2.7 MT, Turkey produced 3 MT, and Brazil produced 2.7 MT in November of this year.
Worldsteel, a Brussels-based organisation, represents steel producers, national and regional steel industry associations, and steel research institutes. It has members in all major steel-producing nations.