April witnesses 5% dip in global steel output
Steel

April witnesses 5% dip in global steel output

In April 2024, global crude steel output experienced a decline of 5 per cent, amounting to 155.7 million tonnes (mt), compared with the 164 mt recorded in the corresponding period the previous year. According to the World Steel Association (worldsteel), China, the leading producer, witnessed a decrease in output to 85.9 mt in April, marking a 7.2 per cent decline from the previous year. India, on the other hand, reported a 3.6 per cent increase in production, reaching 12.1 mt.

There was a significant increase in production in Germany, which saw a surge of 6.4 per cent, totaling 3.4 mt. Similarly, Turkiye experienced a 4.5 per cent surge in production, reaching 2.8 mt. Conversely, Iran's output decreased by 12.3 per cent to 2.7 mt, and South Korea witnessed a production decline of 10.4 per cent to 5.1 mt. Russia's production decreased by 5.7 per cent to 6.2 mt. The United States and Japan observed a decline in output by 2.8 per cent and 2.5 per cent, respectively, reaching 6.7 mt and 7.1 mt. Brazil's production also experienced a slight decrease of 2.1 per cent, amounting to 2.7 mt.

Regionally, Africa saw a 1.4 per cent increase in output, while the EU experienced a 1.1 per cent increase. However, Europe (Others) witnessed a decrease of 2.6 per cent in output. The steel production in Asia and Oceania plunged by 5.8 per cent. In West Asia, production plummeted by 8.2 per cent, and North America's output slipped by 5.2 per cent. South America's steel production decreased by 3.9 per cent compared to April 2023 figures. Russia and other CIS nations saw a decline of 3.5 per cent in their figures.

The World Steel Association, in its short-range outlook, forecasted that demand would see a 1.7 per cent rebound this year, reaching 1,793 mt. Steel demand is predicted to grow by 1.2 per cent in 2025, reaching 1,815 mt.

In April 2024, global crude steel output experienced a decline of 5 per cent, amounting to 155.7 million tonnes (mt), compared with the 164 mt recorded in the corresponding period the previous year. According to the World Steel Association (worldsteel), China, the leading producer, witnessed a decrease in output to 85.9 mt in April, marking a 7.2 per cent decline from the previous year. India, on the other hand, reported a 3.6 per cent increase in production, reaching 12.1 mt. There was a significant increase in production in Germany, which saw a surge of 6.4 per cent, totaling 3.4 mt. Similarly, Turkiye experienced a 4.5 per cent surge in production, reaching 2.8 mt. Conversely, Iran's output decreased by 12.3 per cent to 2.7 mt, and South Korea witnessed a production decline of 10.4 per cent to 5.1 mt. Russia's production decreased by 5.7 per cent to 6.2 mt. The United States and Japan observed a decline in output by 2.8 per cent and 2.5 per cent, respectively, reaching 6.7 mt and 7.1 mt. Brazil's production also experienced a slight decrease of 2.1 per cent, amounting to 2.7 mt. Regionally, Africa saw a 1.4 per cent increase in output, while the EU experienced a 1.1 per cent increase. However, Europe (Others) witnessed a decrease of 2.6 per cent in output. The steel production in Asia and Oceania plunged by 5.8 per cent. In West Asia, production plummeted by 8.2 per cent, and North America's output slipped by 5.2 per cent. South America's steel production decreased by 3.9 per cent compared to April 2023 figures. Russia and other CIS nations saw a decline of 3.5 per cent in their figures. The World Steel Association, in its short-range outlook, forecasted that demand would see a 1.7 per cent rebound this year, reaching 1,793 mt. Steel demand is predicted to grow by 1.2 per cent in 2025, reaching 1,815 mt.

Next Story
Infrastructure Energy

Adyant Enersol & UPC Renewables Secure SJVN's 600 MW Wind Project

Adyant Enersol (Datta Infra) and UPC Renewables secured contracts in SJVN’s auction to develop 600 MW inter-state transmission system (ISTS)-connected wind power projects under a build-own-operate model. Adyant Enersol was awarded 70 MW with a tariff of Rs 3.98/kWh, while UPC Renewables secured 100 MW at a tariff of Rs 3.99/kWh. The tender for these projects was issued in March 2024, allowing bidders to submit proposals for capacities ranging from a minimum of 50 MW to a maximum of 300 MW, with project sizes specified in multiples of 10 MW. The selected developers are required to establis..

Next Story
Infrastructure Energy

Bridge and Roof Secures SJVN Contract for 100 MW Solar Project

Bridge and Roof Company, a government enterprise under the Ministry of Heavy Industries, has secured the engineering, procurement, and construction contract from SJVN Green Energy to establish a 100 MW solar power project in Rajasthan’s Didwana-Kuchaman district. The project is valued at approximately Rs 3.5 billion. The tender was issued in April 2024. The scope of work includes land development, design and engineering, procurement of equipment and materials, testing at the manufacturer’s facility, packing, transportation, supply, unloading, on-site storage, installation, erection, test..

Next Story
Infrastructure Transport

NHAI Uses AI and Drones to Detect 1,000 Encroachments on Highways

The National Highway Authority of India (NHAI) has implemented artificial intelligence (AI) and drone technology to detect approximately 1,000 encroachments on four major national highways. This initiative aims to address obstacles that hinder road construction projects and ensure their timely completion. The survey covered a span of about 360 kilometres, utilising high-frequency drones to capture detailed aerial images of the highways. AI-driven algorithms analysed these images to identify potential encroachments, including parked vehicles, construction materials, and makeshift structures. F..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000