{"id":167698,"date":"2024-09-18T14:38:36","date_gmt":"2024-09-18T09:08:36","guid":{"rendered":"https:\/\/www.gkseries.com\/blog\/?p=167698"},"modified":"2024-09-18T14:38:37","modified_gmt":"2024-09-18T09:08:37","slug":"india-records-positive-growth-among-top-5-world-steel-producers-in-april","status":"publish","type":"post","link":"https:\/\/www.gkseries.com\/blog\/india-records-positive-growth-among-top-5-world-steel-producers-in-april\/","title":{"rendered":"India Records Positive Growth Among Top 5 World Steel Producers in April"},"content":{"rendered":"\n

India is the only country among the world\u2019s top five crude steel producers to record positive growth in April 2024, according to the World Steel Association.<\/strong> India, the second-largest crude steel producer globally, achieved a growth rate of 3.9% compared to April 2023.<\/strong><\/p>\n\n\n\n

Global Steel Production Trends<\/h2>\n\n\n\n

World crude steel production in April 2024 was 155.7 million tonnes, a 5.0% decrease from April 2023. China, the largest steel producer, saw a 7.2% decline to 85.9 million tonnes. Japan, the third-largest producer, registered a 2.5% decline to 7.1 million tonnes. The United States, the fourth-largest producer, produced 6.7 million tonnes, a 2.8% decline. Russia, the fifth-largest producer, experienced a 5.7% decline to 6.2 million tonnes.<\/p>\n\n\n\n

Reasons for India\u2019s Positive Growth<\/h2>\n\n\n\n

India\u2019s robust economic growth, bolstered by government infrastructure projects in rail, road, and ports, has driven a significant increase in steel demand. The rising demand for vehicles has also contributed to the increased steel consumption.<\/p>\n\n\n\n

Historical Context of India\u2019s Steel Industry<\/h2>\n\n\n\n

India\u2019s modern steel industry began in 1875 with the Kulti plant near Kolkata.<\/strong> Jamsetji Tata<\/strong> established India\u2019s first modern steel plant,<\/strong> Tata Steel, in Jamshedpur in 1907.<\/strong> Today, India is the second-largest producer of crude steel and the largest producer of sponge iron globally. It is also the third-largest user of finished steel, after China and the USA.<\/p>\n\n\n\n

World Steel Association<\/h2>\n\n\n\n

The World Steel Association, a non-profit organization representing around 85% of global steel production, was established in 1967 as the International Iron and Steel Institute. It was renamed the World Steel Association in 2008 and is headquartered in Brussels, Belgium.<\/p>\n","protected":false},"excerpt":{"rendered":"

India is the only country among the world\u2019s top five crude steel producers to record positive growth in April 2024, according to the World Steel Association. India, the second-largest crude steel producer globally, achieved a growth rate of 3.9% compared to April 2023. Global Steel Production Trends World crude steel production in April 2024 was 155.7 million tonnes, […]<\/p>\n","protected":false},"author":419,"featured_media":167715,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[5237],"tags":[4939],"class_list":["post-167698","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-affairs-may-2024","tag-ranks-report-current-affairs"],"_links":{"self":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/167698","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/users\/419"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/comments?post=167698"}],"version-history":[{"count":1,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/167698\/revisions"}],"predecessor-version":[{"id":167716,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/167698\/revisions\/167716"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media\/167715"}],"wp:attachment":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media?parent=167698"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/categories?post=167698"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/tags?post=167698"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}