Global steel output fell 8.7% year-on-year in May; India tumbled 39%, China up 4.2%

worldsteel_NLMK_belgium_hot-rolling_3-ID455-900x523-1.jpg

Photo courtesy: Worldsteel

World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 148.8 million tonnes (Mt) in May 2020, an 8.7% decrease compared to May 2019.

Due to the ongoing difficulties presented by the COVID-19 pandemic, many of this month’s figures are estimates that may be revised with next month’s production update, worldsteel said in a statement.

According to worldsteel, China produced 92.3 Mt of crude steel in May 2020, an increase of 4.2% compared to May 2019 while Japan’s production at 5.9 Mt was down 31.8% on May last year.

India produced 5.8 Mt of crude steel in May 2020, down 39.1% on May 2019. South Korea’s steel production for May 2020 was 5.4 Mt, down by 14.1% on May 2020.

Production in the EU is estimated to be 10.5 Mt in May 2020, down 26.8% on May 2019.

The United States produced 4.8 Mt of crude steel in May 2020, a decrease of 36.6% compared to May 2019.

Production in the C.I.S. is estimated to be 8.2 Mt in May 2020, down 7.6% on May 2019. Ukraine produced 1.6 Mt of crude steel in May 2020, down 10.4% on May 2019.

Brazil produced 2.2 Mt of crude steel production in May 2020, down by 22.6% on May 2019.

Turkey’s crude steel production for May 2020 was 2.3 Mt, down by 25.8% on May 2019.

See full statistics here

Leave a Reply

Your email address will not be published. Required fields are marked *