April 2016 crude steel production increases by 3.9% to 7.8 million tonne – Feedback

India’s crude steel production saw a 3.9% increase to 7.8 million tonne (mt) in April 2016 compared to April 2015, even as global crude steel production saw a 0.5% decline to 135 mt in April 2016 over April 2015, according to data released by the Brussels-based World Steel Association (WSA).

India’s steel output in April 2016 bucked the trend evident elsewhere in Asia, where Japan’s crude steel output fell 1.2% to 8.5 mt and Korea’s production went down by 1.3% to 5.7 mt during the month under review. India thus seemed to have lived up to Moody’s Investors Service assessment which referred to it as “the only bright spot in region,” while analyzing JSW Steel’s performance in a recent report. China, the world’s largest steel producer, also posted a 0.5% rise in production to 69.4 mt during April 2016 compared to April 2015.

http://economictimes.indiatimes.com/industry/indl-goods/svs/steel/april-2016-crude-steel-production-increases-by-3-9-to-7-8-million-tonne/articleshow/52376549.cms

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