Global steel output in July rises 12% to 127 million tonne
Post Date: 23 Aug 2011 Viewed: 506
The global steel production in July rose by 11.5% to 127 million tonne (MT) over the same month last year, the World Steel Association (WSA) said today.
India's contribution to the world's kitty was nearly 5% or 6.16 MT. This is, however, an increase of 6.3% from 5.79 MT recorded in the same month last year.
China contributed the highest to the global production at 59.3 MT, a 15.5%growth compared to July last year.
Asia, as a whole, recorded 13% growth in steel production during the month at 82.18 MT over 72.73 MT in the same month last year, WSA said.
The 27-nation European Union's output in July this year was 14.57 MT.
The CIS nations also boosted their production to 9.4 MT from 8.6 MT a year earlier. North and South America produced 10.54 MT and 4.29 MT, recording 11.1% and 12% growth respectively over July 2010.
Africa is lagging miles behind than other continents, barring Oceania. Africa could only produce 1.2 MT steel in July. There was also a slight dip in production compared to the same month last year.
The Middle East produced 1.58 MT steel compared to 1.29 MT in July last year. Oceania produced 0.56 MT in July this year.
Global steel production during the January-June period of the current year stood at 757.771 MT. India produced nearly one-tenth of neighbouring China's total output of 350.54 MT during the period.