World crude steel output down 3.6% at 385.7 mt 1st quarter of 2016 yoy

KOLKATA: India’s crude steel production was 8.1 mt in March 2016, up by 3.4% on March 2015, even as world crude steel production went down 0.5% to 137 million tonne (mt) in March 2016 compared to March 2015. During the month, China’s crude steel production showed an increase of 2.9% in March 2016 at 70.7 mt, over March 2015. Elsewhere in Asia, Japan produced 8.6 mt of crude steel in March 2016, a decrease of 6.8% compared to March 2015, according to latest data for the 66 countries reporting to the Brussels-based World Steel Association (worldsteel).

World crude steel production went down 3.6% to 385.7 mt in the first three months of 2016, compared to the same period in 2015. Out of this, Asia produced 263.6 mt of crude steel, a decrease of 3.1% over the first quarter of 2015. The European Union produced 40.9 mt of crude steel in the first quarter of 2016, down by 7% compared to the same quarter of 2015. North America’s crude steel production in the first three months of 2016 was 27.5 mt, a decrease of 1.1% compared to the first quarter of 2015. The Commonwealth of Independent States (C.I.S.) produced 25.0 mt of crude steel in the first three months of 2016, a decrease of 0.4% over the same period of 2015.