Steel production in India up 6% to 10mt in June - worldsteel

India's crude steel production rose over 6% year on year to 10 million tonnes in June 2022, according to the World Steel Association.

According to the World Steel Association (worldsteel), India is the only country that recorded a positive increase in steel production in June.

In the same month last year, the country produced 9.4 million tons of crude steel, according to the latest report from the international industry organization. India is the world's second largest producer of crude steel after China, which produced 90.7Mt in June 2022, down 3.3% from its June 2021 production of 93.9Mt.

Production in the United States fell 4.2% to 6.9 million tons last month from 7.1 million tons in the same month of 2021. Russia, which is involved in the conflict with Ukraine, is estimated to have produced 5 million tons, down 22.2%. over 6.4 million tons a year ago. Russia recorded the biggest drop among the top 10 steel producers. While South Korea registered a 6% drop to 5.6 million tons, Germany produced 3.2 million tons, down 7% year-over-year.

In June 2022, Turkey produced 2.9 million tons of crude steel, down 13.1%, while Brazil is estimated to have produced 2.9 million tons of steel, recording a 6.1% drop. Iran is estimated to have produced 2.2 million tons, down 10.8%.

Worldsteel, headquartered in Brussels, with members from all major steel producing countries, represents steel producers, national and regional steel industry associations and steel research institutes.

Worldsteel members account for about 85% of the world's steel production. Worldsteel members account for about 85% of the world's steel production.