9,807.50 TRY BIST 100 BIST 100
36.37 USD USD USD
5.04 CNY CNY CNY
38.11 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
39.46 TRY Interest Interest
76.31 USD Fossil Oil Fossil Oil
33.10 USD Silver Silver
4.62 USD Copper Copper
106.70 USD Iron Ore Iron Ore
351.00 USD Shipbreaking Scrap Shipbreaking Scrap
3,437.60 TRY Gold (gr) Gold (gr)

India records increase in crude steel production, but growth rate slowed down

India's crude steel production in October 2024 increased by 6.84% compared to the previous month and 1.7% compared to the same month last year.

India records increase in crude steel production, but growth rate slowed down

According to the World Steel Association (Worldsteel), India’s crude steel production in October 2024 increased by 6.84% compared to the previous month, reaching 12.5 million tons. Production increased by 1.7% compared to October 2023. With this performance, India maintained its 2nd place in the world rankings.

In January-October 2024, India’s total crude steel production reached 123 million tons, marking a 5.6% increase compared to the same period last year.

Although steel production in India and Türkiye, which are the leading ferrous scrap export destinations of the US and Europe, increased slightly in the last quarter of the year, the growth rate has slowed compared to the levels at the beginning of the year. India's 1.7% y-o-y increase in October 2024 was below the 5.6% growth rate in the first 10 months of the year, according to Worldsteel.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Black Sea pig iron prices drop to lowest level since 2020

Thursday, February 20, 2025

Eurozone growth uncertainty persists as PMI drops to 50.2

Saturday, February 22, 2025

Increase in steel imports in Iran: HRC stands out

Friday, February 21, 2025

Türkiye's imported scrap market approaches March cautiously

Friday, February 21, 2025

EU considers tightening steel import quotas due to Trump's new tariffs

Saturday, February 22, 2025
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now