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Global steel output up 1.1% in Nov, India's by 8.9%

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Press Trust of India New Delhi

Global steel output increased by 1.1% in November to 116 million tonne in which India contributed 6 million tonne, World Steel Association said today.

The association, which represents 170 international steel makers, said global production of steel in November last year stood at 114.2 million tonne.

India's production improved by 8.9% during the month from 5.5 million tonne in November, 2010.

In January-November this year, India's steel production stood at 66 million tonnes compared to 62.5 million tonne during the same period last year.

Global steel output during the period stood at 1,373 million tonne, up by 7.4% over the first 11 months of the last year.

 

China, world's largest producer, produced 49.9 million tonne steel in November this year, recording a marginal 0.2% decrease compared to the same month last year.

Japan produced 8.7 million tonne and output in South Korea increased by 12.4% to 5.8 million tonne during the reporting month.

Among the European Nation countries, Germany's production for November 2011 was 3.5 million tonne, a decrease of 10% over November 2010.

Italy produced 2.6 million tonne in November this year, which is 12.3% higher than November last year. Turkey's production was at 2.8 million tonne, up 12.8% over November last year.

Production of steel in the US was at 7.2 million tonne, an increase of 11.8% compared to the same month last year.

"The world crude steel capacity utilisation ratio dipped to 73.4%. Compared to November 2010, the utilisation ratio in November 2011 decreased by 2.6 percentage points," the association said.

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First Published: Dec 20 2011 | 7:46 PM IST

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