India replaces Japan as 2nd top steel producer

India has replaced Japan as the world’s second-largest steel producer. The country’s crude steel output rose 4.9 per cent to 106.5 million tonnes in 2018, while Japan’s production fell 0.3 per cent to 104.3 million tonnes, according to data from the World Steel Association (WSA).

The development will boost the steel ministry’s initiative to achieve 300 million tonnes of production capacity by 2030. The government is also making efforts to increase India’s per capita steel consumption through various policy initiatives and stepping up spending on housing and infrastructure.

Read more of this report

(Visited 214 times, 1 visits today)
About Cholo Brooks 14438 Articles
Joel Cholo Brooks is a Liberian journalist who previously worked for several international news outlets including the BBC African Service. He is the CEO of the Global News Network which publishes two local weeklies, The Star and The GNN-Liberia Newspapers. He is a member of the Press Union Of Liberia (PUL) since 1986, and several other international organizations of journalists, and is currently contributing to the South Africa Broadcasting Corporation as Liberia Correspondent.