Indian steel sector
AN OVERVIEW OF STEEL SECTOR Global Scenario i. In 2002 World Crude Steel output at 902 million metric tons was 6% more than the previous year. ... China remained the world’s largest Crude Steel producer in 2002 also (182 million metric tons) followed by Japan (108 million metric tons) and USA (92million metric tons). ... USA was the largest importer of steel in 2001 followed by China and Germany. ... Japan was the largest exporter of steel in 2001 followed by Russia and Ukraine. (Soruce (i) to (iv) : IISI) (v) Other significant recent developments in the global steel scenario have been: (vi) The crisis of excess capacity and prevalence of market distorting practices in the global steel market has induced protectionist measures from a number of steel trading countries.