World steel output in January at 139.4 million tonne, up 0.8% yoy

India, Japan witnesses increased production, while China reports a drop of nearly 1%

Global crude steel production stood at 139.4 million tonnes in January, marginally up by 0.8 per cent from the corresponding period last year as India and Japan made a sizeable contribution, the World Steel Association said in its release.

In the period under reivew, both India and Japan produced 9 million tonnes of crude steel each which was up 2.5 per cent and 0.3 per cent respectively from the same period last year. China, the world's largest steel consumer and producer, witnessed a drop in production in January, as it crude steel output decreased 0.9 per cent on year-on-year basis