World crude steel output for the 66
countries reporting to the World
Steel Association was 106.4 million
tonnes in December, an increase of
30.2 per cent compared to December
2008. Most major steel producing countries
showed two-digit growth in
December 2009. The world crude steel
capacity utilisation ratio of the 66 countries
was 71.5 per cent, a decrease from
74.7 per cent in November 2009, but
13.4 percentage points better than a
year ago. World steel output which had
remained around 88 million tonnes
average during January-April,
increased steadily to 113 million tonnes
by October, but dropped in next two
months to 106 million tonnes.
Over calendar year 2009, world crude
steel production declined by 8 per cent to
1,220 million tonnes, over 1.4 per cent
drop in the preceding year. Earlier, global
steel output had increased by 9 per cent
in 2006, which eased to 7.9 per cent in
2007. Steel production weakened in
nearly all the major steel producing countries
and regions including the EU, North
America, South America and the CIS in
2009. However, Asia, in particular China
and India, and the Middle East showed
positive growth over the year.
China's crude steel production in
2009 reached 567.8 million tonnes, an
increase of 13.5 per cent on 2008. The
country's share of world steel production
which continued to grow, reached
47 per cent, an increase of 9 percentage
points compared to 2008. Asia produced
795.4 million tonnes (+3.5%) of
crude steel. Japan produced 87.5 million
tonnes (-26.3%). India's crude steel
production was 56.6 million tonnes
(+2.7%) and that of South Korea 48.6
million tonnes (-9.4%).
The EU-27 where all major steel producing
countries showed substantial
decline recorded a decrease of 29.7 per
cent, producing 139.1 million tonnes of
crude steel. Crude steel production in
North America was 82.3 million tonnes (-
33.9 per cent). USA produced 58.1 million
tonnes (-36.4 per cent). The CIS
showed a decrease of 14.7 per cent in
2009. Russia produced 59.9 million
tonnes of crude steel (-12.5 per cent).
The World Steel Association (worldsteel)
represents approximately 180 steel
producers (including 19 of the world's 20
largest steel companies), national and
regional steel industry associations, and
steel research institutes. worldsteel members
produce around 85 per cent of the
world's steel.
Untitled Document
FORECAST FOR INDIA |
| |
2008 |
2009 |
2010 |
2011 |
GDP at market prices (% increase) |
6.1 |
6 |
7.5 |
8 |
Private consumption (% increase) |
2.9 |
4 |
6.7 |
7.5 |
Government consumption (% increase) |
20.2 |
10 |
7 |
6.5 |
Fixed investment (% increase) |
8.3 |
4.9 |
10.5 |
10.9 |
Exports* (% increase) |
12.8 |
-6.8 |
11.1 |
13.1 |
Imports* (% increase) |
17.9 |
-8 |
11.6 |
13.3 |
Nominal GDP ($ billion) |
1,112 |
1,232 |
1,467 |
1,725 |
Population (million) |
1,183 |
1,197 |
1,211 |
1,224 |
GDP per capita (current USD) |
940 |
1,029 |
1,212 |
1,409 |
*-Goods and Non-factor services |
(Sourced from www.worldsteel.
org/?action=newsdetail&id=285)