Global crude steel production fell 10.6% in October

Global crude steel production fell 10.6% in October According to data from the World Steel Association (worldsteel), global crude steel production in October this year fell 10.6% year-on-year to 145.7 million tons. From January to October this year, global crude steel output was 1.6 billion tons, a year-on-year increase of 5.9%. In October, Asian crude steel production was 100.7 million tons, down 16.6% year-on-year. Among them, China 71.6 million tons, down 23.3% year-on-year; Japan 8.2 million tons, up 14.3% year-on-year; India 9.8 million tons, up 2.4% year-on-year; South Korea produced 5.8 million tons, down 1% year-on-year. The 27 EU countries produced 13.4 million tons of crude steel in October, an increase of 6.4% year-on-year, of which Germany’s production was 3.7 million tons, an increase of 7% year-on-year. Turkey produced 3.5 million tons of crude steel in October, an increase of 8% compared to the same month last year. Crude steel production in the CIS was 8.3 million tons, down 0.2% year-on-year, and Russia’s estimated output was 6.1 million tons, up 0.5% year-on-year. In North America, the total crude steel output in October was 10.2 million tons, an increase of 16.9% year-on-year, and the US output was 7.5 million tons, an increase of 20.5% year-on-year. Crude steel output in South America was 4 million tons in October, an increase of 12.1% year-on-year, and Brazil’s output was 3.2 million tons, an increase of 10.4% year-on-year. In October, Africa produced 1.4 million tons of crude steel, a year-on-year increase of 24.1%. The total output of crude steel in the Middle East was 3.2 million tons, down 12.7%, and Iran’s estimated output was 2.2 million tons, down 15.3% year-on-year. Post time: Nov-24-2021