World steel output fell 7% year-on-year in June due to pandemic; China up 4.5%, India crashed 26% – worldsteel

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Photo courtesy: Worldsteel

World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 148.3 million tonnes (Mt) in June 2020, a 7.0% decrease compared to June 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.

It said China produced 91.6 Mt of crude steel in June 2020, an increase of 4.5% compared to June 2019.

India produced 6.9 Mt of crude steel in June 2020, down 26.3% on June 2019.

Japan produced 5.6 Mt of crude steel in June 2020, down 36.3% on June 2019.

South Korea’s steel production for June 2020 was 5.1 Mt, down by 14.3% on June 2020.

Germany produced 2.5 Mt of crude steel in June 2020, down 27.3% on June 2019.

Italy produced 1.8 Mt of crude steel in June 2020, down 13.0% on June 2019.

France and Spain each produced 0.8 Mt of crude steel in June 2020, down 34.9% and 31.5% respectively on June 2019.

The United States produced 4.7 Mt of crude steel in June 2020, a decrease of 34.5% compared to June 2019.

Production in the C.I.S. is estimated to be 7.9 Mt in June 2020, down 5.0% on June 2019. Ukraine produced 1.8 Mt of crude steel in June 2020, up 9.0% on June 2019.

Turkey’s crude steel production for June 2020 was 2.8 Mt, up by 4.1% on June 2019.

Worldsteel said global crude steel production was 873.1 Mt in the first six months of 2020, down by 6.0% compared to the same period in 2019. Asia produced 642.0 Mt of crude steel in the first half of 2020, a decrease of 3.0% over the first half of 2019.

The EU produced 68.3 Mt of crude steel in the first half of 2020, down by 18.7% compared to the first half of 2019. North America’s crude steel production in the first half of 2020 was 50.2 Mt, a decrease of 17.6% compared to the first half of 2019.

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