Gadchiroli pitched as Maharashtra’s future green steel hub India set to drive next global steel demand wave Italy crude steel output rises 3.1% in May Green steel progress remains slow worldwide
According to data released by the World Steel Association (Worldsteel), global direct reduced iron (DRI) production in the 13 countries accounting for approximately 91.5% of total world DRI production in 2023 totalled 9.56 million metric tonnes (MMT) in March this year, up 9.5% month on month and down 4.8% year on year.
Meanwhile, global DRI output was 28.09 MMT in January-March of this year, up 7.4% from the same period in 2023.
Worldsteel data show that India was the largest DRI producer among the countries surveyed in March this year. India’s DRI output amounted to 4.23 MMT in the given month. In February, Iran, Russia, and Saudi Arabia followed India, with outputs of 1.93 MMT, 700,000 million tonnes, and 602,000 million tonnes, respectively.
Also Read : Global demand for Indian iron-ore soars, driven by Chinese Appetite and duty removal Demand on the global long steel market is lower than supply
✅ Fitch warns of pressure on Indian steel prices due to Chinese imports and tariffs.✅ Indian produ...
Business 18-Mar-2025
The Indian steel market could face challenges from potential dumping due to the recent tariffs impos...
US 17-Feb-2025
Vietnam’s VinMetal, a Vingroup subsidiary, has signed a strategic cooperation agreement...
Asia 18-May-2026
Crude oil prices rose on Wednesday morning after the Organisation of Petroleum Exporting Countries (...
Energy 13-Mar-2024
Union Minister Nitin Gadkari has unveiled a plan for over 200 ropeway projects, costing ₹1 lakh cr,...
Press Releases 24-Jan-2024
Abhyuday Jindal, managing director of Jindal Stainless Ltd (JSL), has urged the Centre to frame a se...
Construction 28-Nov-2025