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