India slips to fifth spot in global crude steel production in 2010

Saturday, 22 Jan 2011

According to the latest release from worldsteel, India’s crude steel production in 2010 reached 66.8 million tonnes, an increase of 6.4% on 2009.

Year	Volume	Change	%
2005	45.8
2006	49.5	3.7	8.1%
2007	53.5	4.0	8.1%
2008	57.8	4.3	8.0%
2009	62.8	5.0	8.7%
2010 P	66.8	4.0	6.4%

In million tonnes
(Source - worldsteel.org)
2009

Rank		Volume
1	China	573.6
2	Japan	87.5
5	India	62.8
4	Russia	60.0
3	United States	58.2

In million tonnes
(Source - worldsteel.org)

2010

Rank		2010 P
1	China	626.7
2	Japan	109.6
3	United States	80.6
4	Russia	67.0
5	India	66.8

In million tonnes
(Source - worldsteel.org)

Nippon, Toyota may OK 1 pct steel price hike - Nikkei

Jan 22, 2011 (Reuters) - The world's fourth-biggest steelmaker, Nippon Steel Corp (5401.T: Quote), and Toyota Motor Corp (7203.T: Quote) are likely to agree on an around 1 percent increase in steel prices for the second half of fiscal 2010, the Nikkei reported, citing sources close to the negotiations.
The figure is much smaller than the roughly 25 percent jump for the first half of the year, the business daily said.
After falling earlier in the October-March period, iron ore and coking coal prices are on the rise again and steelmakers have thus sought to pass the higher costs to carmakers and other major customers, the paper said.
Faced with deteriorating margins on vehicle exports, Toyota demanded a price cut, arguing that steelmakers costs for importing raw materials are declining due to a stronger yen, the Nikkei said. (Reporting by Saqib Iqbal Ahmed in Bangalore)

China adds 53 million tonnes crude steel production in 2010

Saturday, 22 Jan 2011

According to the latest release from worldsteel, China’s crude steel production in 2010 reached 626.7 million tonnes, an increase of 9.3% on 2009.
China’s share of world crude steel production declined from 46.7% in 2009 to 44.3% in 2010.

Year	Volume	Change	%
2005	353.2
2006	419.1	65.9	18.7%
2007	489.3	70.2	16.8%
2008	500.3	11.0	2.2%
2009	573.6	73.3	14.7%
2010 P	626.7	53.1	9.3%

In million tonnes (Source - worldsteel.org)