India has overtaken Japan to become the world’s second-largest producer of crude steel in February, according to the Steel Users Federation of India. China is the largest producer of crude steel in the world, accounting for more than 50% of the production.
India’s crude steel production was up 4.4% and stood at 93.11 million tonnes for the period April 2017 to February 2018, compared with April 2016 to February 2017, which has helped India to overtake Japan and becomes the second largest producer of crude steel in the world.
India overtook the U.S. in 2015 to become the third largest producer of crude steel. Attributed the growth in steel production to the right policies undertaken by the government. According to the World Steel Association, India produced 8.4 mt of crude steel in February 2018, up 3.4% over February 2017.