Global crude steel production up in October despite US, Europe lag: Worldsteel

Global crude steel output rose for the third consecutive month in October as other countries joined China in ramping up production, according to the latest figures from the World Steel Association (Worldsteel).

Approximately 161.89 million tonnes of steel were produced in October by the 64 countries that report to the association. That total is up by 3.5% from the 156.36 million tonnes produced in September, up by 3.6% from August’s 156.24 million tonnes, and up by 7% from 151.25 million tonnes produced in October 2019, Worldsteel figures show.
China is up - the US, not so much
The gains were driven not only by China (94.8 million tonnes produced in October, up by 12.7% year on year), which has pushed steel output higher since this summer, but also by other major steelmaking nations that have lifted output above pre-pandemic levels.

Like China, Turkey (3.2 million tonnes,...

Published

Michael Cowden

November 24, 2020

22:47 GMT

Chicago