Indian Crude Steel Output Declines in 2020

Steel

Indian crude steel production fell 10% year-on-year to 98.8 Mt in 2020, weighed down by coronavirus-related restrictions in April-July, provisional steel ministry data reported by IHS reveal. Nevertheless, activity picked up later in the year, with August-December output edging up 2% to 46.0 Mt.

The country’s steel exports climbed to 10.2 Mt (+24%) last year, while imports dropped 38% to 4.7 Mt.