World crude steel output fell 10.6% year-on-year in Oct ’21 – worldsteel

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Photo courtesy: Worldsteel

World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 145.7 million tonnes (Mt) in October 2021, a 10.6% decrease compared to October 2020, with China leading the way with a sharp decline.

China produced 71.6 Mt in October 2021, down 23.3% on October 2020. India produced 9.8 Mt, up 2.4%. Japan produced 8.2 Mt, up 14.3%. The United States produced 7.5 Mt, up 20.5%. Russia is estimated to have produced 6.1 Mt, down 0.5%. South Korea produced 5.8 Mt, down 1.0%. Germany produced 3.7 Mt, up 7.0%. Turkey produced 3.5 Mt, up 8.0%. Brazil is estimated to have produced 3.2 Mt, up 10.4%. Iran is estimated to have produced 2.2 Mt, down 15.3%, world steel said in its latest monthly report.

Africa produced 1.4 Mt in October 2021, up 24.1% on October 2020. Asia and Oceania produced 100.7 Mt, down 16.6%. The CIS produced 8.3 Mt, down 0.2%. The EU (27) produced 13.4 Mt, up 6.4%. Europe, Other produced 4.4 Mt, up 7.7%. The Middle East produced 3.2 Mt, down 12.7%. North America produced 10.2 Mt, up 16.9%. South America produced 4.0 Mt, up 12.1%, worldsteel said in the report seen on Wednesday.

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