Steel production

Steel production

Question: India secured the second spot in global steel production by replacing which of the following country?
(a) USA
(b) Japan
(c) Russia
(d) South Korea
Answer: (b)
Related facts:

  • In the latest report of World Steel Association (world steel) India replaced the Japan (104.3 MT) and secured the second place in global steel production.
  • Global crude steel output registered a growth of 4.6 per cent in 2018.
  • China is the largest producer of steel accounting for more than 51 per cent of production.
  • China’s crude steel output jumped 6.6 per cent to 928.3 million tons (MT) in 2018 from 870.9 MT in 2017.
  • India crude steel production reached 106.5 MT in 2018 from 101.5 MT in 2017.
  • Top ten steel producing countries include United States, South Korea, Russia, Germany, turkey, Brazil and Iran respectively in the same order.
  • World steel association is one of the industry associations in the world.
  • Its members represent around 85 per cent of the world’s steel production, including over 160 steel producers with 9 out of the 10 largest steel companies, national and regional steel industry associations, and steel research institutes.

Links:
https://www.bloombergquint.com/business/india-replaces-japan-to-become-second-largest-crude-steel-producer#gs.4JR8jFzY
https://timesofindia.indiatimes.com/business/india-business/india-replaces-japan-as-2nd-top-steel-producer-worldsteel/articleshow/67721399.cms
https://economictimes.indiatimes.com/markets/commodities/news/india-is-second-largest-steel-producer-now/articleshow/67717521.cms
https://www.thehindubusinessline.com/economy/india-replaces-japan-as-second-top-steel-producer/article26110847.ece

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