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India world's fourth largest steel maker in 2011: WSA

Jan 30, 2012

India maintained its position as the fourth largest steel producer in 2011, despite 5.7 per cent output growth as against the world average of 6.8 per cent, the World Steel Association (WSA) said. Recording an increase of 6.8 per cent in 2011 over 2010, global steel production hit a record 1,527 million tonnes. On the other hand, India produced 72.2 million tonnes steel last year over 68.3 million tonnes in the previous year.

WSA is the world's largest steel industry association and its members produce around 85 per cent of the global output. As in the previous years, China contributed the highest to the global steel production at 695.5 million tonnes in 2011 over 638.7 million tonnes in 2010. China's supremacy in the sector is unlikely to go in foreseeable future as the world's second largest maker, Japan, produced 107.6 million tonnes in 2011, it said. Production in Japan has come down from 109.6 million tonnes in 2010. Third in the order was the US, with output going up by 7.1 per cent to 86.2 million tonnes in 2011 over 80.5 million tonnes in the previous year, the WSA data showed.

http://economictimes.indiatimes.com/news/news-by-industry/indl-goods-/-svs/steel/india-worlds-fourth-largest-steel-maker-in-2011-wsa/articleshow/11674702..

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