In­dia’s crude steel out­put de­clines 4% to 8.99 MT in Jan

The Free Press Journal - - BUSINESS -

NEW DELHI: In­dia's crude steel pro­duc­tion fell by 3.84 per cent to 8.995 mil­lion tonnes (MT) in Jan­uary 2019, ac­cord­ing to the Joint Plant Com­mit­tee (JPC). The fall is re­ported af­ter World Steel As­so­ci­a­tion (world­steel) re­cently an­nounced that In­dia has re­placed Ja­pan as the world's sec­ond-largest steel pro­duc­ing coun­try. On Jan­uary 25, world­steel in its re­port noted that In­dia's crude steel pro­duc­tion in 2018 was at 106.5 MT, while as Ja­pan pro­duced 104.3 MT in 2018. "Crude steel pro­duc­tion stood at 8.995 MT in Jan­uary 2019, down by 3.8 per cent over Jan­uary 2018, and was down by 0.2 over De­cem­ber 2018," the JPC said in its lat­est re­port.

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