India has overtaken Japan to become the world’s second largest producer of crude steel, according to the Steel Users Federation of India (SUFI). At present, China is the largest producer of crude steel in the world, accounting for more than 50% of the production.
India’s crude steel production was up 4.4% and stood at 93.11 million tonnes (MT) for the period April 2017 to February 2018, compared with April 2016 to February 2017. This had helped India to overtake Japan and become the second largest producer of crude steel in the world, SUFI said in a statement here.
India overtook the U.S. in 2015 to become the third largest producer of crude steel.
(Adapted from the Hindu)