World Steel Association reports India's crude oil output to increase by 8%

India's crude steel output increased by 8 percent to 9 million tonnes (MT) in July this year, according to the World Steel Association.

The country had produced 8.33 MT crude steel in the same month a year ago, the association said in its latest report.

"Global crude steel production was at 154.6 MT in July 2018, a 5.8 percent increase compared to July 2017," it added.

China's crude steel production for July stood at 81.2 MT, an increase of 7.2 percent as compared to 75.7 MT in the same month of 2017.

Japan's output fell by 2 percent to 8.4 MT in July 2018.

The US produced 7.3 MT of crude steel in July 2018, an increase of 4.5 percent in comparison to the same month of the previous fiscal.

South Korea's crude steel output grew marginally to 6.2 MT in July 2018, followed by Turkey 3.3 MT.

Brazil's crude steel production stood at 3 MT, up by 6.7 percent from July 2017.

World Steel Association is one of the largest industry associations in the world. Its members represent about 85 percent of the world's steel production.

They include over 160 steel producers with 9 of the 10 largest steel companies, national and regional steel industry associations and steel research institutes.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)