India's crude steel output declines 14% to 8.65 MT in March: World Steel Association
India has been observing a nationwide lockdown since March 25
The country's crude steel output declined 14% to 8.65 million tonne (MT) during March, according to a report by the World Steel Association.
India has been observing a nationwide lockdown since March 25, which has impacted production, demand and supplies of steel in the country.
The country had produced 10.04 MT of crude steel during the same month a year ago, the World Steel Association (worldsteel) said in its latest report.
In March 2020, the global steel output was also down by 6 per cent to 147.05 MT as compared with 156.51 MT in March 2019.
The global industry body said, "Due to the ongoing difficulties presented by the COVID-19 pandemic, many of this month's (March) figures are estimates from national and regional associations, which may be revised with the next month's production update."
Global steel giant China also, for the first time in many months, has reported a fall in its output. The country, which has a sizeable share in global output, produced 78.97 MT steel in March, down 1.7% as compared with 80.34 MT in the corresponding month of 2019, according to data from the report.
"India estimates 8.65 MT of crude steel production in March 2020, down 13.9% from 10.042 MT in March 2019," it said.
In the EU, worldsteel said Germany estimated 2.9 MT of crude steel production in March 2020, down 20.9% in March 2019. Italy produced 1.4 MT of crude steel in March 2020, down by 40.2% on March 2019.
In March, the United States produced 7.22 MT of crude steel, registering a fall of of 6% as compared with 6.68 MT in year-ago month.
"Russia estimates 5.9 MT of crude steel production in March 2020. Ukraine produced 1.8 MT of crude steel, Brazil produced 2.6 MT, Turkey's crude steel production for March 2020 was 3.1 MT," it said.