India’s Crude Steel Output Declines by 65% to 3.13 MT in April 2020: WSA Report
- The crude steel output of India declined over 65% to 3.13 million tonnes (MT) during April 2020 according to the report of World Steel Association (WSA).
- India had produced 9.02 MT of crude steel in April 2019.
- Similarly, India saw 14% decline in steel output at 8.65 MT in March 2020 as compared with 10.04 MT in March 2019.
- At the same time, the global steel output also declined 13% to 137.09 MT in April 2020 as compared with 157.67 MT in April 2019.
- The nationwide lockdown imposed to prevent spread of the coronavirus pandemic has impacted the production, demand and supply of steel in India.
- World Steel Association (WSA) headquarter- Brussels, Belgium
Source: Business Standard