 "India produces 7.25 MT steel in March: WSA")
India, the world's fourth largest steel maker, produced 7.25 million tonnes (MT) or just over 5% of the total global output in March, according to World Steel Association (WSA).
The country, however, beat world's average production growth rate in March. While India clocked a 3.9% growth rate in production, world's average growth rate was at 2.7%.
Global steel production in March stood at 141 MT, said WSA, a leading global industry body in its monthly report.
China produced nearly half of the global steel production at 70.3 MT in March, up by 2.2% compared to the same month last year. Japan's production stood at 9.7 MT and South Korea's production was 6.1 MT.
Among the European Union nations, Germany produced 4 MT of steel in March 2014, Italy produced 2.4 MT, France 1.4 MT and Spain produced 1.3 MT.
Turkey's crude steel production was 2.8 MT, down by 4.3%. Russia produced 6.0 MT, clocking an increase of 1.3% and Ukraine's production was 2.7 MT.
The US produced 7.4 MT in March 2014, up by 0.9% compared to March 2013.
"The crude steel capacity utilisation ratio in March 2014 was 79%," WSA said.
The country, however, beat world's average production growth rate in March. While India clocked a 3.9% growth rate in production, world's average growth rate was at 2.7%.
Global steel production in March stood at 141 MT, said WSA, a leading global industry body in its monthly report.
More From This Section
India had produced 6.98 MT steel in March last year.
China produced nearly half of the global steel production at 70.3 MT in March, up by 2.2% compared to the same month last year. Japan's production stood at 9.7 MT and South Korea's production was 6.1 MT.
Among the European Union nations, Germany produced 4 MT of steel in March 2014, Italy produced 2.4 MT, France 1.4 MT and Spain produced 1.3 MT.
Turkey's crude steel production was 2.8 MT, down by 4.3%. Russia produced 6.0 MT, clocking an increase of 1.3% and Ukraine's production was 2.7 MT.
The US produced 7.4 MT in March 2014, up by 0.9% compared to March 2013.
"The crude steel capacity utilisation ratio in March 2014 was 79%," WSA said.