Showing posts with label World Steel Association. Show all posts
Showing posts with label World Steel Association. Show all posts

April 15, 2013

WSA: India retained 4th position in World Steel Production with highest growth rate in 2012

India retained fourth position in world steel production with an output of 76.7 MT, despite having the highest growth of 4.3 per cent in steel output among top five steel producing nations in 2012.
There was no change in the top three steel producing nations with China, Japan and the US retaining their slots in the respective order in 2012, World Steel Association (WSA) data revealed.
India was world’s fourth largest steel producing nation in 2011 and 2010 as well with a total production of 73.6 MT steel and 69 MT respectively. It had clinched the third spot in 2009, but the US grabbed the slot since 2010.
The World Steel Association (WSA) expects steel demand in India to pick up and rise by 5.9% to 75.8 MT in 2013 following 2.5% growth in 2012. [see article]
Meanwhile, WSA said, “World crude steel production reached 1,548 MT for the year 2012, up by 1.2 per cent compared to 2011. This is a record for global crude steel production. The growth came mainly from Asia and North America which recorded a 2.6 and 2.5 per cent increases in 2012 respectively, while crude steel production in the EU and South America decreased in 2012 compared to 2011.”
Country—wise, China produced 716.5 MT, an increase of 3.1 per cent over 2011 and thereby increased its share of world steel output to 46.3 per cent in 2012 from 45.4 per cent in 2011. Japan produced 107.2 MT and South Korea 69.3 MT in 2012.
Production in European Union recorded a 4.7 per cent dip to 169.4 MT. Germany produced 42.7 MT, Italy produced 27.2 MT and France produced 15.6 MT among others.
Output in the CIS also declined by 1.2 per cent to 111.3 MT. Russia produced 68.9 MT.
Annual crude steel production for South America was 46.9 MT in 2012, a decrease of three percent. Brazil produced 34.7 MT, a decline of 1.5 per cent compared to 2011.
“The average capacity utilisation ratio in 2012 was 78.8 per cent compared to 80.7 per cent in 2011,” The World Steel Association (WSA) said.  
(Source: World Steel Association)
Keywords: World Steel Association, WSA, India, Steel Production, Crude Steel, World Steel Production
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January 13, 2012

World Steel Association (WSA) announces WS 46 in India


In the light of the emerging importance of India and the country being the next growth area of the steel industry, the governing body of the World Steel Association (WSA) representing 170 producers accounting for 85% of world steel production (including 17 of the world's 20 largest steel companies), national and regional steel industry associations, and steel research institutes, has decided to hold World Steel 46 (WS 46) in India from 8th to 12th Oct, 2012.
In a glittering ceremony at the present conference being held at Paris, France from 10th – 13th Oct 2011, Sri C.S. Verma, Chairman, SAIL (Steel Authority of India Lt) on behalf of the Host Country Committee consisting of the 6 leading producers of India extended warm invitation to all the CEOs of leading steel producers to attend the conference WS 46 in 2012 at New Delhi.
 Sri Verma remarked that the Paris conference has been extremely thought provoking. The views expressed by the global steel barons would go a long way in making steel industry more sustainable, in the backdrop of the world economic uncertainties and also volatilities in the recent past. He further added the conference in New Delhi will give a glimpse of rich heritage and culture of India.
The steel industry has grown multi-fold, from a production of 2 million tonnes of crude steel in 1950 -51 to nearly 70 million tonnes in 2010 – 11. Indian economy has recorded an impressive GDP growth in the last few years. This financial year also, it is expected to be around 8.0 – 8.5%. A report released by World Steel Association (WSA) based on the just concluded conference forecast that apparent steel use will increase by 6.5% to 1398 MMT in 2011, following growth of 15.1% in 2010. In 2012, it is forecasted that world steel demand will grow further by 5.4%. WSA (World Steel Association) also projected that India’s steel consumption is likely to grow by 4.3% to reach 67.7 million tonnes due to economic growth. In 2012, the growth rate is forecasted to accelerate to 7.9%.
The other member steel companies (Indian Steel Producers) representing Host Country Committee in India are JSW Steel Ltd, Steel Authority of India Ltd (SAIL), Rashtriya Ispat Nigam Ltd (RINL), Tata Steel Ltd, Essar Steel Ltd, and JSW Ispat Steel Ltd. All these Indian steel makingcompanies are top steel producers in the world.