India pips Japan to be second largest global steel producer

Recently, India has been trying to unleash its growth potential through an extensive reform agenda to clear institutional bottlenecks

India has surged past Japan to become the second largest steel producer in the world with expansion in output backed by a sound growth in demand.

According to World Steel Association,  India produced 96.92 million tonnes of crude steel during the first eleven months of 2018 compared to 92. 39 million tonnes during the same period of 2017, representing a growth of 4.9 per cent

Japan  recorded a dip of 0.1 per cent in steel output in the same period at 95 .86 million tonnes while China maintained its position at the top with 857 million tonnes of steel production.