September 21st, 2017

India’s Steel Outlook

(Nearly) a new number 2

In August, India came within a hair’s breadth of becoming the world’s second biggest steel producing country, with output hitting a near record 8.5 million tonnes (mt), just 260 thousand tonnes less than Japan. Total 2017 steel production is forecast at 99mt, having doubled in the past decade, and is now set to triple by 2030. It may have been China’s steel output has been grabbing the headlines for the past few years, but its about time that it was India that was in the news.

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