Chinese surge pushes up global steel output in 2019, Worldsteel says [CORRECTED]

A strong rise in Chinese steel production led the way to a 3.4% year-on-year increase in global crude steel output in 2019, according to the World Steel Association (Worldsteel).

A total of 1.87 billion tonnes of crude steel were produced last year, compared with 1.81 billion tonnes a year earlier, Worldsteel said.
Steel production in China continued to rocket upward, with steelmakers in the country accounting for 996.3 million tonnes - an 8.3% increase from 2018.
But other Asian nations showed weaker performances over the 12-month period amid challenging market conditions.

India - now well established as the world’s second-largest steelmaking nation - was only able to increase output by 1.8% on the year to 111.25 million tonnes. A...


Lee Allen

January 28, 2020

14:49 GMT