India’s 33 per cent growth in steel production in the last five years was second only to China among the top-five producing nations.
China’s production grew by 39 per cent during 2008-2012, the latest World Steel Association (WSA) data has revealed.
India’s production grew constantly in the last five years from 57.8 MT in 2008 to 63.5 MT in 2009, 69 MT in 2010, 73.6 MT in 2011 and 76.7 MT in 2012.
China, which produces nearly half of world’s steel, had output of 512.3 MT in 2008, 577.1 MT in 2009, 638.7 MT in 2010, 694.8 MT in 2011 and 716.5 MT in 2012.
World’s steel production grew to 1,548 MT in 2012, up from 1,341 MT in 2008, recording a growth of 15 per cent.
Russia, which holds the fifth rank in the world order of steel production in 2012, had clocked a mere three per cent growth in output during the last five years.
In 2008, it had produced 68.5 MT and in 2012, it stood at 70.6 MT.
Japan and the US, which occupy the second and third ranks respectively since 2010, have, in fact, produced less steel in 2012 than what they had produced in 2008.
Japan’s production fell to 107.2 MT in 2012 from 118.7 MT in 2008. Similarly, production in the US slipped to 88.6 MT in 2012 from 91.4 MT, the WSA data revealed.
India is projected to grab the second slot in the world of steel production within a year or two on new capacity expansions, mainly through the brown field route.
The government expects the country’s installed steel production capacity to go up to 200 MT by 2020 from around 90 MT now.
This is a great news. India has to strategically maintain its highest performance in all
sectors - including raw materials such as steel. I hope steel-industry and all people
associated with it (which actually means all Indians) would understand the exigencies
that they levy on the industry. This would help ensure that the negatives and waste is
reduced and more steel production is seen in the future. More importantly, it is
important for India to reach a stage where it can sustain its raw material production
+ produce sufficiently more to sustain growth of socio-economic structure in India.
after decades of independence we are still providing raw material
This growth indicates that India's mineral resources were fast
depleting. when compared,china had vast land, capital, human,
technology, patients and mineral resources. but India is not more
competent with it. So we have to see the geographical content and its
capability while comparing it with other nations.... hence there is an
every need to think about sustainable growth and production in India.
dont feel happy for being in second place in production of steel,
developed countries are thinking wisely to not to produce steel even
though they have reserves, coz steel which comes from iron is a rare
metal it may vanish after some years. so they are buying it from the
developing and poor countries .
Please see the absolute numbers here for steel production: India produced only about 10% of the quantity of China in 2012, 76.7 MT vs 716.5 MT. little chance of India overtaking China in the near future; lets stay realistic.
It's a good news for India as the manufacture of steel grew by 33%during 2008 - 2012. Ths increase is only second worldwide to China's (39%).Hope all stake holders in steel industry work sincerely and effectively so that India may top the list in steel production in near future.
What an idiotic headline! It's second-highest in growth. We are not even producing 5% of world's output and China is having more growth rate despite being over nine times in size! Good that we got 33% growth rate, but don't project as if we are the world-best of even second-best in this matter.
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