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According to data from the World Steel Federation today, global steel production declined by 3.3 percent in January, due to pressure from the continued slowdown in the global economy.
In its monthly report, the union stated that the total global steel production in 64 countries amounted to 145.3 million tons last month.
China topped the countries producing the most, with about 79.5 million tons, up 2.3 percent year-on-year.
India ranked second in terms of production volume, with a volume of 10.9 million tons, a slight decrease of 0.2 percent, while Japan ranked third, with a production volume of 7.2 million tons, down by 6.9 percent.
The Director-General of the International Monetary Fund, Kristina Georgieva, said last month: The growth of the global economy is still weak, but it may witness a turning point at the present time.
The World Steel Association is one of the world's largest industry associations, and its members produce nearly 85 percent of the world's steel production.
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