According to World Steel Association monthly crude steel report for April 2020, Indias crude steel output declined by how much percent during April, 2020 in comparison to the 9.021 MT of crude steel production in April 2019?

2020

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

According to World Steel Association monthly crude steel report for April 2020, India’s crude steel output declined by how much percent during April, 2020 in comparison to the 9.021 MT of crude steel production in April 2019?

A	35.2%
B	45.2%
C	65.2%
D	55.2%

Explanation:

Detailed explanation-1: -India has emerged as the second-largest producer of crude steel by replacing Japan. The biggest steel producing country is currently China, which accounted for 57% of world steel production.

Detailed explanation-2: -According to official data available, India as of April 2022, India was the world’s second-largest producer of crude steel, with an output of 10.14 MT. In FY22, the production of crude steel and finished steel stood at 133.596 MT and 120.01 MT, respectively.

Detailed explanation-3: -World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 162.7 million tonnes (Mt) in April 2022, a 5.1% decrease compared to April 2021.

Detailed explanation-4: -India’s crude steel production for 2020 was 99.6 Mt, down by 10.6% on 2019. Japan produced 83.2 Mt in 2020, down 16.2% on 2019. South Korea produced 67.1 Mt, down 6.0% on 2019. The EU produced 138.8 Mt of crude steel in 2020, a decrease of 11.8% compared to 2019.

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