World Steel Output Falls In Sept; India Logs Rise

　　World's steel productionfell for the first time in eight months in September primarily due to sluggishoutput in all major producing nations, barring India.

　　According to WorldSteel Association, global production in September fell by 0.1 per cent to 134.4million tonnes (MT) compared to 134.5 MT in the same month last year.

　　The dip inproduction was mainly due to stagnant output in world's largest producing nation,China. The country, which produces almost half of world's steel, produced 67.5MT steel in September like in the corresponding month last year.

　　China, Japan, USand India are the leading producers of steel in the world. In September,production in Japan fell by 0.5 per cent and it dipped by 0.1 per cent in theUS.

　　India was the onlyexception among the top four producing nations. Production in world's fourthlargest steel producer grow by 2.5 per cent during the month to 6.8 MT comparedto 6.6 MT in the same month last year.

　　World's steelproduction had declined by 0.4 per cent in January this year over the samemonth last year due to a dip in Chinese production. Output in China had fallenby 3.2 per cent in January this year.

　　WSA said crudesteel capacity utilisation ratio during the month was 76.1 per cent, which is2.6 percentage points lower than September 2013.