World crude steel production declines by 1% in November 2019: Worldsteel

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World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 147.8 million tonnes in November 2019, a 1.0 per cent decrease compared to November 2018.

China’s crude steel production for November 2019 was 80.3 million tonnes, an increase of 4.0 per cent compared to November 2018.

India produced 8.9 million tonnes of crude steel in November 2019, down 2.8 per cent on November 2018.

Japan produced 7.7 million tonnes of crude steel in November 2019, down 10.6 per cent on November 2018.

South Korea’s crude steel production was 5.9 million tonnes in November 2019, a decrease of 0.5 per cent on November 2018.

In the EU, Italy produced 2.0 million tonnes of crude steel in November 2019, down by 9.8 per cent on November 2018. France produced 1.1 million tonnes of crude steel in November 2019, an 18.2 per cent decrease compared to November 2018. Spain produced 1.1 million tonnes of crude steel in November 2019, down by 10.9 per cent on November 2018.

The US produced 7.2 million tonnes of crude steel in November 2019, a decrease of 2.2 per cent compared to November 2018.

Brazil’s crude steel production for November 2019 was 2.6 million tonnes, down by 10.5 per cent on November 2018. Turkey’s crude steel production for November 2019 was 2.9 million tonnes, down by 8.1 per cent on November 2018. Crude steel production in Ukraine was 1.3 million tonnes this month, down 20.1 per cent on November 2018.

The World Steel Association (worldsteel) is one of the largest industry associations in the world, with members in every major steel-producing country. worldsteel represents steel producers, national and regional steel industry associations, and steel research institutes. Members represent around 85 per cent of global steel production.

Shekhar Ghosh is consulting editor, Indoasiancommodities.com. He has edited and written for publications like Business India, Business Standard, Business Today, Outlook and many other international publications. He can be reached at shekhar.ghosh@indoasiancommodities.in.

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