INDIA's positive trend in STEEL production

• India is the ONLY country among major steel producing nations, such as China, Japan, South Korea and US, which witnessed growth in steel production in 2015, according to World Steel Association (WSA) data.

• 2.6% rise in production in India to 89.6 million tonnes (MT) in 2015 against 87.3 MT in 2014.

• 2.8% drop in world steel production to 1,622.8 million tonnes in 2015.

• As per the Steel Ministry, India is the only country among major steel producing countries which recorded a positive trend in steel production and consumption last year.

• "India became the third largest producer of steel in the world in 2015, leaving behind the US as the Fourth largest producer", the Ministry said in a note.

• 2.3% fall in crude steel output in China - the world's largest steel maker - fell by 2.3% to 803.8 MT in 2015 as compared to the year - ago period.

• Japan produced 105.2 MT in 2015, down 5% compared to 2014, while output in South Korea decreased by 2.6% to 69.7 MT during the same period.

• In 2015, the US produced 78.9 MT of crude steel, a decline of 10.5% compared to 2014, whereas Russia showed a decrease of 4.3% in 2015 with an output producing 101.5 MT of crude steel.

• As per WSA, the last decline in global steel output was witnessed in 2009, when production fell by 8% to 1,238.8 MT from 1,343.4 MT in 2008.

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Indian Express Article