Soft demand from the property and manufacturing sectors will limit Chinese steel demand growth. Korean demand will soften because of the sluggish construction and auto sectors.
The country had produced 9.408 MT crude steel during the same month a year-ago, the global industry body said in its latest report.
Recently, India has been trying to unleash its growth potential through an extensive reform agenda to clear institutional bottlenecks
The demand for steel in the developed world remains healthy, while in the developing countries steel demand will continue to recover amid challenges
The steel demand in India continues to grow and is expected to increase by 5 per cent in FY19
It is not expected that India will replicate China's explosive growth pattern, World Steel Association said