Global steel output up 1.1 per cent in November; India's by 8.9 per cent

NEW DELHI: Global steel output increased by 1.1 per cent in November to 116 million tonnes in which India contributed six million tonnes, World Steel Association said.

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

India's production improved by 8.9 per cent during the month from 5.5 million tonnes in November, 2010.

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

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

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

Japan produced 8.7 million tonnes and output in South Korea increased by 12.4 per cent to 5.8 million tonnes during the reporting month.

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

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

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

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