India’s 5-year steel output second highest in the world


PTI, 26-01-2013 17:49:06


Write Comment     |     E-Mail To a Friend     |     Facebook     |     Twitter     |     Print


se

India’s 33 per cent growth in steel production in the last five years was second only to China among the top-five producing nations.

China’s production grew by 39 per cent during 2008-2012, the latest World Steel Association (WSA) data has revealed.

India’s production grew constantly in the last five years from 57.8 MT in 2008 to 63.5 MT in 2009, 69 MT in 2010, 73.6 MT in 2011 and 76.7 MT in 2012.

China, which produces nearly half of world’s steel, had output of 512.3 MT in 2008, 577.1 MT in 2009, 638.7 MT in 2010, 694.8 MT in 2011 and 716.5 MT in 2012.

World’s steel production grew to 1,548 MT in 2012, up from 1,341 MT in 2008, recording a growth of 15 per cent.

Russia, which holds the fifth rank in the world order of steel production in 2012, had clocked a mere three per cent growth in output during the last five years.

In 2008, it had produced 68.5 MT and in 2012, it stood at 70.6 MT.

Japan and the US, which occupy the second and third ranks respectively since 2010, have, in fact, produced less steel in 2012 than what they had produced in 2008.

Japan’s production fell to 107.2 MT in 2012 from 118.7 MT in 2008. Similarly, production in the US slipped to 88.6 MT in 2012 from 91.4 MT, the WSA data revealed.

India is projected to grab the second slot in the world of steel production within a year or two on new capacity expansions, mainly through the brown field route.

The government expects the country’s installed steel production capacity to go up to 200 MT by 2020 from around 90 MT now.

Write your Comments on this Article
Your Name
Native Place / Place of Residence
Your E-mail
Your Comment   You have characters left.
Security Validation
Enter the characters in the image above
    
Disclaimer: Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Kemmannu.com will not be responsible for any defamatory message posted under this article.
Please note that under 66A of the IT Act, sending offensive or menacing messages through electronic communication service and sending false messages to cheat, mislead or deceive people or to cause annoyance to them is punishable. It is obligatory on kemmannu.com to provide the IP address and other details of senders of such comments, to the authority concerned upon request. Hence, sending offensive comments using kemmannu.com will be purely at your own risk, and in no way will Kemmannu.com be held responsible.
Similarly, Kemmannu.com reserves the right to edit / block / delete the messages without notice any content received from readers.




Watch Full Video:Inauguration Udupi of Diocese
View More

Rozaricho Gaanch - December 2020Rozaricho Gaanch - December 2020
Congratulations to Prathiksha Shetty, KemmannuCongratulations to Prathiksha Shetty, Kemmannu
Congratulations to the winners of Panchayat Elections from Kemmannu Parish.Congratulations to the winners of Panchayat Elections from Kemmannu Parish.
Milarchi Lara December 2020Milarchi Lara December 2020
Flat for Rent at Gopalpura, Santhekatte, Udupi.Flat for Rent at Gopalpura, Santhekatte, Udupi.
Autobiography of Richard Carvalho, Barkur/Mumbai.Autobiography of Richard Carvalho, Barkur/Mumbai.
Contact on Going Residential ProjectAl Nayaab Residency, UdupiContact on Going Residential ProjectAl Nayaab Residency, Udupi
Choice Furniture vast household showroom opens at Santhekatte, KallianpurChoice Furniture vast household showroom opens at Santhekatte, Kallianpur
Focus Studio, Near Hotel Kidiyoor, UdupiFocus Studio, Near Hotel Kidiyoor, Udupi
Canara Beach Restaurant, Hoode/Bengre, Udupi.Canara Beach Restaurant, Hoode/Bengre, Udupi.
Delite Catering, SanthekatteDelite Catering, Santhekatte