Indian crude steel output up 3.4% in 1999 IISI
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Sat Jan 29 19:20:49 MST 2000
The Economic Times Online
Monday JAN 24 2000
Indian crude steel output up 3.4% in 1999: IISI
Shaukat H Mohammed
VISAKHAPATNAM 23 JANUARY
Indian steel companies produced 24.26 million tonnes (m t) of crude steel in
1999 a 3.4 per cent growth over the 23.48 m t produced in 1998. This
indicates that the steel industry in India is firmly on the growth path,
according to the International Iron and Steel Institute (IISI).
The IISI, which tracks steel production in 63 countries that together
account for about 98 per cent of the total world crude steel production,
says crude steel production in India in December 1999, at 2.1 m t, was 9.2
per cent higher than the 1.93 m t produced in the same month of 1998. The
country had a production of 2.05 m t in November.
There was a strong growth in crude steel production in other Asian countries
as well. Total December 1999 production in Asia reached 26.3 m t, up 8 per
cent over last years results for the same month. Production in December
increased in Japan (up 15.6 per cent to 8.5 m t) and in Korea (up 4.7 per
cent to 3.6 m t). Total January-December output in the Asian region was
298.2 m t, a year-on-year increase of 3.5 per cent, it said. The Asian
region had produced 287.9 m t of crude steel in 1998.
According to the IISI, mainland Chinas crude steel production had recorded
a growth of 8 per cent during January-December 1999, with an output of
123.31 m t, against the 114.13 m t in 1998. The production in December was
10.9 m t, an increase of 8.2 per cent over the same month in 1998.
However, Taiwan had a shortfall of 9 per cent in its crude steel output from
16.9 m t in calendar year 1998 to 15.3 m t last year. Monthly production in
December was estimated at 1.19 m t, against the 1.54 m t in December 1998
a fall of 22 per cent.
The IISI said Japan had a marginal increase of 0.7 per cent to 94.1 m t in
1999 from 93.5 m t produced in 1998. Korea registered a growth of 2.9 per
cent with an output of 41.04 m t last year, against the 39.89 m t in 1998.
In a presentation on the short-term outlook for the world steel industry in
October last year, the IISI secretary-general, Mr Ian Christmas, had said
that in 2000, Asian countries, including India, are expected to produce
79.6 m t. The worldwide crude steel production in 1999 is estimated at 770 m
t a growth of 1.4 per cent over 759.89 m t in 1998.
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