Industry group says world steel output fell 21 percent in first 6 months of 2009

September 11th, 2009 NEW DELHI - Further signs of recovery in India's industry emerged Friday with the latest official data indicating a 6.8 percent growth in July over the like month last year. Notably, the manufacturing output rose 6.8 percent during the month, as per the data on the index of industrial production released by the Central Statistical Organisation here.

August 25th, 2009 NEW DELHI - Steel Secretary P R Rastogi on Tuesday said that the growth in steel demand in the country would soon cross 10 percent, as soon as the effects of global economic slowdown would be over. Rastogi said this while addressing the third meeting of the Inter-Ministerial Group on Steel in the national capital.

July 23rd, 2009 NEW DELHI - Signalling a recovery for Indian industry, the output of six core infrastructure sectors expanded 6.5 percent in June against 2.8 percent in the previous month, official data showed Thursday. The six core infrastructures industries, comprising crude oil, refined petroleum fuels, coal, electricity, cement and finished steel, with a collective weight of 26.7 percent in the industrial production index, had grown by 5.1 percent in June last year.

July 23rd, 2009 NEW DELHI - The timely release of stimulus packages has helped the infrastructure sector post a good growth rate last month despite the economic slowdown, Commerce and Industry Minister Anand Sharma claimed here Thursday. Referring to the 6.5 percent growth rate achieved by the six core infrastructure sectors in June, Sharma said: "It's clear that the government's stimulus packages and the budgetary proposals have had a positive impact.

July 14th, 2009 Euro industry output down 17 pct in MayBRUSSELS — Industrial output in the 16 nations that use the euro sank 17 percent in May from a year earlier, the EU statistics agency said Tuesday, a somewhat milder drop than in the previous two months. Demand for European goods at home and abroad has slumped dramatically during the downturn.

July 11th, 2009 BHILAI - India's steel production will surge to 124 million tonnes (MT) per annum by 2011-12 from the current figure of 65 mt, Steel Minister Virbhadra Singh said here Saturday. "There is a massive expansion going on in the steel sector in country, both in the public and private sectors, that will see India becoming a major steel producer by 2011-12 when its steel production will be 124 mt from the present production of 65 mt," the minister said at a press conference here.

July 7th, 2009 German iron, steel output falls 45 percentFRANKFURT — German iron and steel output for June fell sharply as the world recession continued to cut into demand for the country's machinery and car exports, the Federal Statistical Office reported Tuesday. The Wiesbaden-based office said Germany's producers made 1.44 million metric tons (1.59 US tons) of iron for the month, a 45 percent decline over the same month last year, while they made 2.5 million metric tons (2.76 US tons) of steel, a 41 percent decline.

July 7th, 2009 UK mfg output down 1.2 percent in quarterLONDON — The government is reporting that U.K. manufacturing output fell by 1.2 percent in the March-May quarter compared to the previous three months.

June 30th, 2009 NEW DELHI - The composite index of India's six core industries logged a 2.8 percent expansion in May, down from 3.1 percent registered in the like month last year, official data showed Tuesday. The six core industries comprise crude oil, refined petroleum fuel, coal, electricity, cement and finished steel.

June 28th, 2009 NEW DELHI - A leading industry body has called for increasing customs duty on steel from 5 percent to 10 percent as consumption of local steel by domestic users was falling. According to the Federation of Indian Chamber of Commerce and Industry (Ficci), imported steel accounted for over 11 percent share of consumption, as compared to 6 percent a few years ago.

June 25th, 2009 MUMBAI - JSW Steel vice chairman and managing director Sajjan Jindal has been conferred the Willy Korf/Ken Iverson Steel Vision Award for his contribution to the steel industry, the company said in a statement Thursday. Jindal is the second Indian to receive the honour.

June 21st, 2009 BHUBANESWAR - The iron and steel industry in Orissa has recorded negative trends in its performance parameters between October 2008 and March 2009, compared to the previous two quarters of 2008-09, an industry report released Sunday said. "There has been a decline in the industry's production by 10-12 percent," the first bi-annual industry monitor report by the regional chapter of the Confederation of Indian Industry (CII) said.

May 12th, 2009 NEW DELHI - India's industrial output fell for the third consecutive month in March by a steep 2.3 percent compared to the corresponding month last year, according to government data released Tuesday. This was the third fall in four months.

April 15th, 2009 NEW DELHI - Global meltdown and falling demand have forced Arcelor-Mittal to delay by two years their proposed steel projects in Orissa and Jharkhand, estimated at $20-25 billion, its India head said here Wednesday. 'The top reason is economic downturn,' Vijay Bhatnagar, the chief of India operations, told reporters on the margins of a steel industry seminar organised by the Federation of Indian Chambers of Commerce and Industry (FICCI).

March 27th, 2009 NEW DELHI MA - Despite an 8.3 percent growth in cement production and 6 percent in coal output, the composite index for six core industries logged a mere 2 percent expansion in February, against 7 percent in the like month of last fiscal. Data released by the commerce and industry ministry Friday showed that the cumulative growth in the six core infrastructure industries was 3 percent for the first 11 months of this fiscal, against 5.8 percent for the corresponding period of last fiscal.