Question

5.1 Compare the 2015-2016 and 2019-2020 data and give any one reason for the reduction of production of steel in 2019-2020.​

Answer 1

Answer:

First give the data so that I can solve

Answer 2

The data for 2015-2016 and 2019-2020 and provide any single reason to reduce steel production for 2019-2020 are:

• India’s finished steel consumption grew to a CAGR of 5.2% during the FY16-FY20 to 100 MT.
• Indian refined steel and finished steel production rose to 108.5 MT and 101.03 MT at FY20P, respectively.
• Between April 2020 and November 2020, the production of Indian steel was 62.01 MT and the finished steel was 55.68 MT.

• Annual crude production in South America was 38.2 Mt, a decrease of 8.4% from 2019.

• Brazil produced 31.0 Mt by 2020, down 4.9%.

• Turkey's production was 35.8 Mt, up 6.0% from 2019.