India produced just a little over seven million tonnes (MT) of steel, accounting for five per cent of the global output of 141 MT in May, World Steel Association (WSA) has said.
India's production growth rate of 1.6 per cent in May over the same month last year was also lower as compared to the global average of 2.2 per cent.
China, which contributes nearly half of the world's steel production, produced 70.4 MT in May, recording 2.6 per cent growth in production over the same month last year, WSA said in a release.
During the January-May period, India produced 34.68 MT of steel against the global output of 684.23 MT.
While the world's average growth rate was 2.4 per cent during the first five months, India's was 1.9 per cent.
WSA data found that Japan's output was 9.6 MT in May, down 0.3 per cent over the same month a year ago. South Korea's was 6.2 MT, up 11.4 per cent.
Among European Union (EU) nations, Germany produced 3.9 MT, Italy (2.3 MT), France (1.4 MT) and Spain (1.3 MT) in May this year.
Russia produced 6.1 MT steel, clocking an increase of 0.6 per cent. Ukraine's output was 2.8 MT.
The US produced 7.5 MT in May 2014, an increase of 1.4 per cent. Brazil's output was 2.9 MT, down 4.3 per cent over the same month last year.
Source; The Economic Times
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