India Leads Global Steel Production Growth in April 2024
| Aspect | Details |
|---|---|
| Event | India records positive growth in crude steel production in April 2024 |
| Source | World Steel Association |
| India's Growth Rate | 3.9% increase compared to April 2023 |
| Global Steel Production | Total: 155.7 million tonnes in April 2024, a 5.0% decline from April 2023 |
| China | 85.9 million tonnes, a 7.2% decline |
| Japan | 7.1 million tonnes, a 2.5% decline |
| USA | 6.7 million tonnes, a 2.8% decline |
| Russia | 6.2 million tonnes, a 5.7% decline |
| India's Global Rank | Second-largest crude steel producer |
| Key Drivers | Infrastructure projects in rail, road, and ports; rising vehicle demand |
| Historical Milestone | Tata Steel established in 1907 in Jamshedpur |
| India's Global Position | Second-largest crude steel producer, largest sponge iron producer, third-largest steel user |
| World Steel Association | Founded in 1967, headquartered in Brussels, representing 85% of global steel production |