China supports global steel production rise in Feb despite virus spread

Global crude steel production rose 2.8% year on year in February, according to the Worldsteel Association (Worldsteel), with a strong performance from steel mills in China.

Worldwide steel production was 143.3 million tonnes in February 2020, up from 139.41 million tonnes in the same month of 2019.
Despite the spread of the novel coronavirus (2019-nCoV), production from Chinese mills gained steam in February, rising 5% year on year to 74.77 million tonnes from 71.23 million tonnes in February 2019.
Japanese crude steel production built on the upward momentum exhibited in January, with output rising 2.2% year on year to 7.92 million tonnes in February.
India also raised output in February after a year-on-year decline in January. Indian mills produced 9.56 million tonnes in February, up by 1.5% year on year.

The only major Asian steelmaking nation to record a decline was Taiwan, according to Worldsteel data,...

Published

Lee Allen

Miranda Song

March 24, 2020

10:28 GMT

Singapore, Shanghai, Chicago