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India bags second position in crude steel production, output up by 3.4%

In 2015, India overtook USA to become the third largest producer of crude steel

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Renaissance, a bidder for Electrosteel, had challenged the eligibility of the two bidders under Section 29A of the IBC

Aditi Divekar Mumbai
The world's total crude steel production in February stood at 132 million tonne, up 3.5 percent from corresponding period last year as India grabbed the second position pushing Japan a notch lower.

China continued to be the biggest producer of the commodity in the period under review with a production of 64.9 million tonne, up almost 6 percent from same period last year, said World Steel Association in its release. 

India produced 8.4 million of crude steel and was up 3.4 percent from February 2017. Japan dropped to third position to 8.3 million,  down 0.5 percent from last year. South